Original filing text · Part I

Item 3 — Risk Factors

Banco Santander, S.a. · 20-F · FY 2025 · Period ended Dec 31, 2025

This is the extracted source text from the SEC filing. Formatting may differ from the original document.

Selected financial data Supplemental information. Section 3 919 A. [Reserved] B. Capitalization and indebtedness Not required for annual report on Form 20-F - C. Reasons for the offer and use of proceeds Not required for annual report on Form 20-F - D. Risk factors Supplemental information. Section 4 924