Investor Presentaiton
More moderate growth YoY in customer funds driven by a QoQ decrease in demand
deposits, while mutual funds affected by volatile market conditions
Total customer funds (€bn)
Sep-22
Sep-21
YoY (%)
QoQ (%)
47.6
47.1
Demand
24.8
23.7
4.6
-2.6
46.7
46.6
46.0
Time
18.2
18.1
0.2
-0.9
Total deposits
42.9
41.8
2.7
-1.9
Mutual Funds
3.7
4.2
-11.3
-2.3
Total customer funds
46.6
46.0
1.4
-1.9
of which:
Financial Insurance
Deposits ex-Fin. Insurance
3.5
3.9
-12.1
-4.1
39.5
37.9
4.2
-1.7
Sep-21
Dec-21 Mar-22 Jun-22
Sep-22
Additionally, the bank also includes securities placed (€3.3 bn, +26% YoY) and other
managed funds² (€5.3 bn, -11% YoY) in its management of customer funds.
Santander Group criteria.
(1) Includes financial insurance.
(2) Mutual funds, pension funds and managed portfolios.
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