Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
July 28 2023 - 1:05PM
Edgar (US Regulatory)
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 July, 2023
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:
Banco Santander,
S.A.
TABLE OF CONTENTS
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Report of Other Relevant Information dated July 28, 2023 |
Item
1
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:
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ADVERSE
SCENARIO |
BASELINE
SCENARIO |
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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.
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.
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Banco Santander, S.A. |
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Date: |
July 28, 2023 |
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By: |
/s/ Pedro de Mingo Kaminouchi |
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Name: |
Pedro de Mingo Kaminouchi |
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Title: |
Head of Regulatory Compliance |
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