REG - Banco Santander S.A. - Stress Test Results

Banco Santander SAAnnouncement

28/07/2023 17:45

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RNS Number : 6282H  Banco Santander S.A.  28 July 2023

Banco Santander, S.A. ("Banco Santander"), in compliance with the Securities
Market legislation, hereby reports the following:

OTHER RELEVANT INFORMATION

 

Banco Santander reports the results it has obtained in the most recent stress
test exercise carried out by the European Banking Authority (EBA) and the
European Central Bank (ECB).

The exercise covered a three-year period (end of 2022 - end of 2025) with two
scenarios (baseline and adverse) applied to the consolidated perimeter of
Santander Group. The CET1 ratio is a financial solvency ratio, the
implementation of which is being carried out progressively by financial
institutions pursuant to the transitional implementation schedules of the
Capital Requirements Directive and Regulation and the International Financial
Reporting Standard (IFRS) 9. During the phase-in period of these regulations,
in addition to the CET1 Phased-in ratio (a capital ratio calculated pursuant
to the transitional regime), which is the legally applicable ratio, the CET1
Fully Loaded ratio (a capital ratio calculated assuming a full implementation
of the aforementioned regulations) is also used for information purposes.

The stress test exercise results in the following projected capital ratios for
Santander Group for the periods and scenarios considered. A comparison of
these projected ratios with the CET1 Fully Loaded ratio (12.04%) and the CET1
Phased-in ratio (12.18%) as of 31 December 2022 is also included in brackets:

             ADVERSE SCENARIO                    BASELINE SCENARIO
             CET1 Fully Loaded  CET1 Phased- in  CET1 Fully Loaded  CET1 Phased- in
 31/12/2023  10.53% (-1.50%)    10.96% (-1.22%)  13.39% (+1.35%)    13.39% (+1.21%)
 31/12/2024  10.94% (-1.10%)    11.34% (-0.84%)  14.34% (+2.30%)    14.34% (+2.16%)
 31/12/2025  10.33% (-1.70%)    10.33% (-1.84%)  14.44% (+2.40%)    14.44% (+2.26%)

 

Boadilla del Monte (Madrid), 28 July, 2023

 

 

IMPORTANT INFORMATION

Not a securities offer

This document and the information it contains does not constitute an offer to
sell nor the solicitation of an offer to buy any securities.

Past performance does not indicate future outcomes

Statements about historical performance or growth rates must not be construed
as suggesting that future performance, share price or results (including
earnings per share) will necessarily be the same or higher than in a previous
period. Nothing in this document should be taken as a profit and loss
forecast.

Third Party Information

In this document, Santander relies on and refers to certain information and
statistics obtained from publicly-available information and third-party
sources, which it believes to be reliable. Neither Santander nor its
directors, officers and employees have independently verified the accuracy or
completeness of any such publicly-available and third-party information, make
any representation or warranty as to the quality, fitness for a particular
purpose, non-infringement, accuracy or completeness of such information or
undertake any obligation to update such information after the date of this
document. In no event shall Santander be liable for any use by any party of,
for any decision made or action taken by any party in reliance upon, or for
inaccuracies or errors in, or omission from, such publicly-available and
third-party information contained herein. Any sources of publicly-available
information and third-party information referred or contained herein retain
all rights with respect to such information and use of such information herein
shall not be deemed to grant a license to any third party.

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