Average payment period to suppliers


The average payment period to suppliers of Banco Santander, S.A. in 2023 was 12 days, below the legal maximum of 60 days established by Law 15/2010, of 5 July, on combating late payment in commercial transactions. The average payment period was calculated in accordance with the applicable legal provisions.

In 2023 Banco Santander, S.A. paid a total of 449,262 invoices amounting to 3,355 million euros, representing 99.82% out of the total volume of invoices paid and 99.26% out of the total amount of payments to suppliers.