Financial Performance Update H1'23

NII remained high supported by spread management in a rising base rate environment Net interest income (£ mn) Yields and Costs (%) 1,127 1,133 1,130 1,092 1,040 Yield on loans 3.16% 2.94% 2.71% 2.33% 2.46% Cost of deposits 1.37% 1.10% 0.79% 0.21% 0.35% Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 NII / Average earning assets 1.45% 1.52% Differential 1.54% 1.58% 1.59% 2.1pp 2.1pp 1.9pp 1.8pp 1.8pp Central Bank interest rate (EOP) 1.25% 2.25% Santander 3.50% 4.25% 5.00% 米 13

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