Banco Santander Stress Test Results 2025

SEC Filing 6-K (0000950103-25-009669)

Banco Santander, S.A. has reported the results of the most recent stress test exercise conducted by the European Banking Authority (EBA) and the European Central Bank (ECB). The exercise covered a three-year period from the end of 2024 to the end of 2027, applying both baseline and adverse scenarios to the consolidated perimeter of Grupo Santander. The stress test focused on the CET1 ratio, a key financial solvency metric. The results show projected capital ratios for Grupo Santander under both scenarios, with comparisons to the Fully-loaded CET1 ratio (12.19%) and the Phased-in CET1 ratio (12.78%) as of 31 December 2024. The adverse scenario projected lower ratios, while the baseline scenario showed improvements. The report also highlights the application of CRR2 and CRR3 regulations and the transitional provisions affecting the CET1 ratio calculations.