Statement on the 2025 BoE Capital Stress Test

Summary by AI ^BETAClose X

Santander UK has successfully navigated the Bank of England's 2025 Capital Stress Test, demonstrating capital ratios well above minimum requirements without needing to implement strategic management actions. The bank's Common Equity Tier 1 ratio, a key measure of financial strength, is projected to fall to 10.3% post-management actions (9.7% pre-actions) under the stress scenario, significantly exceeding the 6.9% minimum. Similarly, the Leverage ratio is expected to drop to 3.9% post-actions (3.5% pre-actions), comfortably above the 3.25% minimum. These results indicate no requirement for Santander UK to undertake additional capital actions.

Disclaimer*

Santander UK Group Holdings PLC

02 December 2025

2 December 2025

SANTANDER UK GROUP HOLDINGS PLC

STATEMENT ON THE OUTCOME OF THE 2025 BANK OF ENGLAND CAPITAL STRESS TEST

Santander UK ("Santander") notes the publication today of the results of the 2025 Bank Capital Stress Test ("BCST"), conducted by the Bank of England ("BoE").

The bank significantly exceeds the minimum capital requirements for Common Equity Tier 1 ("CET 1") and Leverage ratios in each of the 5 years of the 2025 BCST without the application of strategic management actions. As a result of the exercise, there is no requirement for Santander to undertake any additional capital actions.

The CET1 ratio decreases from 14.8% in December 2024 to 10.3% at the lowest point of the stress scenario post-management actions (9.7% pre-management actions). This is defined as CET1 capital expressed as a percentage of risk-weighted assets, where these are in line with UK CRR and the PRA Rulebook. This is significantly above the minimum requirements of 6.9%.

The Leverage ratio falls from 4.9% to 3.9% at the lowest point of the stress scenario post-management actions (3.5% pre-management actions). The Tier 1 leverage ratio is Tier 1 capital expressed as a percentage of the leverage exposure measure excluding central bank reserves. This is in excess of the minimum requirements of 3.25%.

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Additional information about Santander UK

Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. The bank serves its customers via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers' eligible deposits are protected by the FSCS in the UK.

Media Enquiries: mediarelations@santander.co.uk

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