Santander Financial Results

Strong NII performance from higher mortgage volumes and cost of deposit management in a rising base rate environment Net interest income (£ mn) Yields and Costs (%) + 1,127 1,092 Yield on loans 2.67% 2.43% 1,040 2.23% 2.23% 2.30% 997 976 Cost of deposits 0.79% 0.35% 0.10% 0.12% 0.21% Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 NII/Average total assets 1.34% 1.38% 1.43% 1.49% 1.52% Differential 2.1pp 2.1pp 2.1pp 2.1pp 1.9pp 1.25% 2.25% 3.50% Central Bank interest rate (EOP) 0.25% 0.75% Santander 13

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