[6-K] Banco Santander, S.A. Current Report (Foreign Issuer)
Banco Santander (SAN) reported updated ECB capital requirements following SREP. The Pillar 2 requirement remains unchanged at 1.74% at the consolidated level, with at least 0.98% to be covered with CET1; 9 bps of P2R reflect the ECB’s calendar provisioning add-on for non‑performing loans. From 1 January 2026, minimum consolidated requirements rise by 20 bps to CET1 9.85% (from 9.65%) and Total Capital 14.11% (from 13.91%), driven by a 3 bps increase in the systemic risk buffer and 17 bps in the countercyclical buffer.
As of 30 September 2025, Santander reported a consolidated CET1 ratio of 13.09% and Total Capital of 17.43%, indicating a surplus over the new minimums.
Banco Santander (SAN) ha riportato i requisiti patrimoniali ECB aggiornati a seguito dello SREP. Il requisito Pillar 2 rimane invariato al 1,74% a livello consolidato, con almeno 0,98% da coprire con CET1; 9 bps di P2R riflettono l'aggiunta di provisioning calendarizzato per i crediti non performanti da parte della BCE. Dal 1 gennaio 2026, i requisiti minimi consolidati aumentano di 20 bps a CET1 9,85% (da 9,65%) e Total Capital 14,11% (da 13,91%), spinti da un incremento di 3 bps nel buffer di rischio sistemico e 17 bps nel buffer anticiclico.
A partire dal 30 settembre 2025, Santander ha riportato un rapporto consolidato CET1 del 13,09% e un Total Capital del 17,43%, indicando un surplus rispetto ai nuovi minimi.
Banco Santander (SAN) informó sobre requisitos de capital del BCE actualizados tras el SREP. El requisito de Pilar 2 permanece sin cambios en 1,74% a nivel consolidado, con al menos 0,98% cubiertos con CET1; 9 pb de P2R reflejan el complemento de provisiones del BCE para préstamos morosos. A partir del 1 de enero de 2026, los requisitos consolidados mínimos aumentan en 20 pb hasta CET1 9,85% (desde 9,65%) y Total Capital 14,11% (desde 13,91%), impulsados por un incremento de 3 pb en el buffer de riesgo sistémico y 17 pb en el buffer contracíclico.
A 30 de septiembre de 2025, Santander reportó un ratio CET1 consolidado del 13,09% y un Total Capital del 17,43%, indicando un excedente respecto a los nuevos mínimos.
BNK Santander(SAN)은 SREP 이후 ECB의 자본 요건 업데이트를 보고했습니다. Pillar 2 요건은 통합 기준으로 1.74%로 변함없이 유지되며, 최소 0.98%를 CET1로 충당해야 합니다; 9 bps의 P2R은 부실 대출에 대한 ECB의 일정 프로비저닝 추가를 반영합니다. 2026년 1월 1일부터 최소 통합 요건은 CET1 9.85%(9.65%에서) 및 Total Capital 14.11%(13.91%에서)로 20 bps 상승하며, 시스템적 위험 완충 3 bps와 순환적 완충 17 bps의 증가에 의해 주도됩니다.
2025년 9월 30일 기준으로 Santander는 통합 CET1 비율 13.09%와 Total Capital 17.43%를 보고했고, 이는 새로운 최소치를 초과하는 여유를 나타냅니다.
La Banque Santander (SAN) a publié les exigences de capital de la BCE mises à jour suite au SREP. L’exigence du Pilier 2 reste inchangée à 1,74% au niveau consolidé, avec au moins 0,98% à couvrir en CET1; 9 pb de P2R reflètent l’appoint de provisionnement calendaire de la BCE pour les prêts non performants. À partir du 1er janvier 2026, les exigences consolidées minimales augmentent de 20 pb pour atteindre CET1 9,85% (contre 9,65%) et Total Capital 14,11% (contre 13,91%), tirées par une hausse de 3 pb du buffer de risque systémique et 17 pb du buffer cyclique. Au 30 septembre 2025, Santander a enregistré un ratio CET1 consolidé de 13,09% et un Total Capital de 17,43%, indiquant un excédent par rapport aux nouveaux minima.
Banco Santander (SAN) berichtete aktualisierte ECB-Kapitalanforderungen im Anschluss an den SREP. Die Pillar-2-Anforderung bleibt unverändert bei 1,74% auf Konsolidierungsebene, mit mindestens 0,98% abzudecken durch CET1; 9 bps von P2R spiegeln den kalenderbasierten Add-on für notleidende Kredite der ECB wider. Ab dem 1. Januar 2026 steigen die minimalen konsolidierten Anforderungen um 20 bps auf CET1 9,85% (von 9,65%) und Total Capital 14,11% (von 13,91%), getrieben durch eine Erhöhung des systemischen Risikobuffers um 3 bps und 17 bps im countercyclical Buffer.
Zum 30. September 2025 meldete Santander eine konsolidierte CET1-Quote von 13,09% und Total Capital von 17,43%, was auf einen Überschuss gegenüber den neuen Mindestwerten hindeutet.
أعلن بنك سانتاندير (SAN) عن متطلبات رأس المال لمصرف المركزي الأوروبي المحدثة عقب SREP. يظل مطلب الركيزة 2 دون تغيير عند 1,74% على مستوى الدمج، مع تغطية لا تقل عن 0,98% باستخدام CET1؛ 9 نقاط أساس من P2R تعكس إضافة التزويد بالجرد الزمني للمقترضين غير النشطين أداءً من قبل البنك المركزي الأوروبي. اعتباراً من 1 يناير 2026، ترتفع المتطلبات المجمعة الدنيا لتصل إلى CET1 9,85% (من 9,65%) وTotal Capital 14,11% (من 13,91%) بمقدار 20 نقطة أساس، مدفوعة بزيادة قدرها 3 نقاط أساس في مخزون المخاطر النظامية و17 نقطة أساس في الاحتياطي المضاد للدورة. حتى 30 سبتمبر 2025، أبلغت Santander عن نسبة CET1 مجمعة قدرها 13,09% وTotal Capital قدرها 17,43%، مما يشير إلى فائض عن الحدود الدنيا الجديدة.
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Banco Santander (SAN) ha riportato i requisiti patrimoniali ECB aggiornati a seguito dello SREP. Il requisito Pillar 2 rimane invariato al 1,74% a livello consolidato, con almeno 0,98% da coprire con CET1; 9 bps di P2R riflettono l'aggiunta di provisioning calendarizzato per i crediti non performanti da parte della BCE. Dal 1 gennaio 2026, i requisiti minimi consolidati aumentano di 20 bps a CET1 9,85% (da 9,65%) e Total Capital 14,11% (da 13,91%), spinti da un incremento di 3 bps nel buffer di rischio sistemico e 17 bps nel buffer anticiclico.
A partire dal 30 settembre 2025, Santander ha riportato un rapporto consolidato CET1 del 13,09% e un Total Capital del 17,43%, indicando un surplus rispetto ai nuovi minimi.
Banco Santander (SAN) informó sobre requisitos de capital del BCE actualizados tras el SREP. El requisito de Pilar 2 permanece sin cambios en 1,74% a nivel consolidado, con al menos 0,98% cubiertos con CET1; 9 pb de P2R reflejan el complemento de provisiones del BCE para préstamos morosos. A partir del 1 de enero de 2026, los requisitos consolidados mínimos aumentan en 20 pb hasta CET1 9,85% (desde 9,65%) y Total Capital 14,11% (desde 13,91%), impulsados por un incremento de 3 pb en el buffer de riesgo sistémico y 17 pb en el buffer contracíclico.
A 30 de septiembre de 2025, Santander reportó un ratio CET1 consolidado del 13,09% y un Total Capital del 17,43%, indicando un excedente respecto a los nuevos mínimos.
BNK Santander(SAN)은 SREP 이후 ECB의 자본 요건 업데이트를 보고했습니다. Pillar 2 요건은 통합 기준으로 1.74%로 변함없이 유지되며, 최소 0.98%를 CET1로 충당해야 합니다; 9 bps의 P2R은 부실 대출에 대한 ECB의 일정 프로비저닝 추가를 반영합니다. 2026년 1월 1일부터 최소 통합 요건은 CET1 9.85%(9.65%에서) 및 Total Capital 14.11%(13.91%에서)로 20 bps 상승하며, 시스템적 위험 완충 3 bps와 순환적 완충 17 bps의 증가에 의해 주도됩니다.
2025년 9월 30일 기준으로 Santander는 통합 CET1 비율 13.09%와 Total Capital 17.43%를 보고했고, 이는 새로운 최소치를 초과하는 여유를 나타냅니다.
La Banque Santander (SAN) a publié les exigences de capital de la BCE mises à jour suite au SREP. L’exigence du Pilier 2 reste inchangée à 1,74% au niveau consolidé, avec au moins 0,98% à couvrir en CET1; 9 pb de P2R reflètent l’appoint de provisionnement calendaire de la BCE pour les prêts non performants. À partir du 1er janvier 2026, les exigences consolidées minimales augmentent de 20 pb pour atteindre CET1 9,85% (contre 9,65%) et Total Capital 14,11% (contre 13,91%), tirées par une hausse de 3 pb du buffer de risque systémique et 17 pb du buffer cyclique. Au 30 septembre 2025, Santander a enregistré un ratio CET1 consolidé de 13,09% et un Total Capital de 17,43%, indiquant un excédent par rapport aux nouveaux minima.
Banco Santander (SAN) berichtete aktualisierte ECB-Kapitalanforderungen im Anschluss an den SREP. Die Pillar-2-Anforderung bleibt unverändert bei 1,74% auf Konsolidierungsebene, mit mindestens 0,98% abzudecken durch CET1; 9 bps von P2R spiegeln den kalenderbasierten Add-on für notleidende Kredite der ECB wider. Ab dem 1. Januar 2026 steigen die minimalen konsolidierten Anforderungen um 20 bps auf CET1 9,85% (von 9,65%) und Total Capital 14,11% (von 13,91%), getrieben durch eine Erhöhung des systemischen Risikobuffers um 3 bps und 17 bps im countercyclical Buffer.
Zum 30. September 2025 meldete Santander eine konsolidierte CET1-Quote von 13,09% und Total Capital von 17,43%, was auf einen Überschuss gegenüber den neuen Mindestwerten hindeutet.
أعلن بنك سانتاندير (SAN) عن متطلبات رأس المال لمصرف المركزي الأوروبي المحدثة عقب SREP. يظل مطلب الركيزة 2 دون تغيير عند 1,74% على مستوى الدمج، مع تغطية لا تقل عن 0,98% باستخدام CET1؛ 9 نقاط أساس من P2R تعكس إضافة التزويد بالجرد الزمني للمقترضين غير النشطين أداءً من قبل البنك المركزي الأوروبي. اعتباراً من 1 يناير 2026، ترتفع المتطلبات المجمعة الدنيا لتصل إلى CET1 9,85% (من 9,65%) وTotal Capital 14,11% (من 13,91%) بمقدار 20 نقطة أساس، مدفوعة بزيادة قدرها 3 نقاط أساس في مخزون المخاطر النظامية و17 نقطة أساس في الاحتياطي المضاد للدورة. حتى 30 سبتمبر 2025، أبلغت Santander عن نسبة CET1 مجمعة قدرها 13,09% وTotal Capital قدرها 17,43%، مما يشير إلى فائض عن الحدود الدنيا الجديدة.
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of October, 2025
Commission File Number: 001-12518
Banco Santander, S.A.
(Exact name of registrant as specified in its charter)
Ciudad Grupo Santander
28660 Boadilla del Monte (Madrid) Spain
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | X |
Form 40-F |
Banco Santander, S.A.
TABLE OF CONTENTS
Item |
|
| 1 | Report of Other Relevant Information dated October 30, 2025 |
Item 1
Banco Santander, S.A., ("Santander") communicates the following:
OTHER RELEVANT INFORMATION
Santander has been informed by the European Central Bank (“ECB”), after following its Supervisory Review and Evaluation Process (“SREP”), of its decision regarding the minimum prudential capital requirements effective as of 1 January 2026.
The ECB’s decision maintains an unchanged Pillar 2 requirement (“P2R”) of 1.74% at a consolidated level, of which at least 0.98% must be covered with Common Equity Tier 1 capital (“CET1”). 9 basis points of P2R reflect the capital add-on due to the ECB’s prudential expectations on calendar provisioning in connection with non-performing loans.
The following table shows the minimum CET1 and total capital requirements applicable at the consolidated level as of 1 January 2025 and as of 1 January 2026, as well as Santander's ratios1 as of 30 September 2025:
| Minimum Requirement | Data | |||
| As of 01/01/2025 | As of 01/01/2026 | As of 30/09/2025 | ||
| CET1 | 9.652% | 9.85%3 | 13.09% | |
| Total Capital | 13.912% | 14.11%4 | 17.43% | |
The increase in the minimum requirements applicable both to CET1 and total capital as of 1 January 2026, compared to those in force since 1 January 2025, amounts to 20 basis points. This increase is due to changes in the systemic risk buffer requirement (3 basis points) and the countercyclical capital buffer requirement (17 basis points)3.
As described in the table above, Santander maintains a surplus of capital over these requirements, both in CET1 and total capital terms.
Boadilla del Monte (Madrid), 30 October 2025
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.
______________________
1 Phased-in ratios.
2 Requirements as of 1 January 2025 considering final figures as of 31 December 2024.
3 The minimum requirement ratio of CET1 at consolidated level consists of: (a) the minimum capital requirement of Pillar 1 (4.50%), (b) P2R (0.98%), (c) the capital conservation buffer (2.50%), (d) the requirement arising from the consideration of Santander as Other Systemically Important Institution (“OSII”), which has been fixed by Banco de España effective on 1 January 2026 (1.25%), (e) the systemic risk buffer requirement (0.0628%) calculated as of 30 September, and (f) the countercyclical capital buffer requirement (0.4331%) estimated as of 30 September, which must be increased from 1 October 2025 as a result of the activation of 0.50% over the exposures located in Spain (0.12%), and again from 1 October 2026, due to an additional increase of 0.50% over such exposures.
4 In addition to the CET1 requirement, the minimum total capital requirement at consolidated level includes: (i) Pillar 1 requirements of Additional Tier 1 (1.5%) and Tier 2 (2%), and (ii) part of the P2R requirements which can be covered by Additional Tier 1 and Tier 2 (0.33% y 0.44%, respectively), remaining unchanged with respect to the minimum requirement applicable as of 1 January 2025, save for the CET1 increase of 20 basis points specified above.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Banco Santander, S.A. | |||||
| Date: | October 30, 2025 | By: | /s/ Pedro de Mingo Kaminouchi | ||
| Name: | Pedro de Mingo Kaminouchi | ||||
| Title: | Head of Corporate Compliance | ||||
FAQ
What capital requirement did the ECB set for Banco Santander (SAN) from January 1, 2026?
Did the ECB change Santander’s Pillar 2 requirement (P2R)?
How much did the minimum requirements increase versus 2025?
What drove the 20 bps increase for Santander?
What are Santander’s current capital ratios versus the new minimums?
Is there any special add-on in the P2R?
