2022
The average payment period to suppliers of Banco Santander, S.A. in 2022 was 10 days, below the legal maximum of 60 days established by Law 15/2010, of 5 July, on combating late payment in commercial transactions (amended by Law 18/2022, of September 28, on the creation and growth of companies). The average payment period was calculated in accordance with the applicable legal provisions.
In 2022 Banco Santander, S.A. paid a total of 160,245 invoices amounting to 2,634 million euros, representing 98.37% out of the total volume of invoices and 99.32% out of the total amount of payments to suppliers.