Banco Santander has successfully met the new binding minimum requirement for own funds and eligible liabilities (MREL) set by the Bank of Spain, as determined by the Single Resolution Board. This updated requirement, which includes Total MREL and Subordinated MREL, is crucial for the bank's resolution group and enhances market confidence and financial stability. As of March 2025, the bank's compliance position is strong, potentially boosting its market standing and reassuring stakeholders.