Investor Presentaiton
The strength of our model drives resilient results
Recurring pre-provision profit with the lowest earnings per share volatility
Pre-provision profit, EUR bn
EPS volatility calculated using quarterly data from Jan-99 to Q4'20¹
24 24
24
23
23
24
25
26 26
23
20
18
20
24
24
668% 330%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Pre-provision profit/loans
3.03%
3.28% 3.26% 3.25% 3.06% 2.94% 3.04% 2.90% 2.83% 2.97% 2.89% 2.80%
2.49%
Cost of credit
2.44%
1.69%
1.02% 1.36% 1.40% 1.65%
1.43%
1.25%
1.18% 1.07% 1.00% 1.00% 1.28%
risk pro
Everyone's business
Santander
118%
104%
84%
82%
75%
++
O O O
(1) Source: Bloomberg, with GAAP criteria. Standard deviation of the quarterly EPS starting from the first available data since Jan-99
43%
41%
37%
12%
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