Average payment period to suppliers


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.