The attached report addresses the disclosure requirements of the bank according to the eighth part of the CRR (Capital Requirement Regulation). The Disclosure Report is published at least on a yearly basis after the Annual Report has been approved in due time.
Following the submission of the intragroup exemption of margin requirements request between Santander Consumer Bank AG and Banco Santander S.A. to their local authorities, BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) and CNMV (Comisión Nacional del Mercado de Valores) have decided in a positive way.
Please find attached our annually published remuneration report according to the German Remuneration Law (Instituts-Vergütungsverordnung, InstitutsVergV) ready for downloading.