H1'22 Financial Results and PagoNxt Highlights

Liquidity and Funding Well-funded, diversified, prudent and highly liquid balance sheet (large % contribution from customer deposits), reflected in solid liquidity ratios Liquidity Balance Sheet € bn, Jun-22 1,373 1,373 Liquidity Coverage Ratio (LCR) Net Stable Funding Ratio (NSFR) 1 Jun-22 Mar-22 Mar-22 Loans and advances to 974 Customer deposits 1,038 customers Spain² 162% 141% 115% UK² 171% 176% 137% Securitizations and others 51 Portugal 155% 138% 124% Fixed assets & other 88 183 M/LT debt issuances Poland 167% 171% 148% Financial assets 247 134 Equity and other liabilities 31 ST Funding US 124% 142% 121% Assets Liabilities Mexico 174% 168% 123% HQLAS³ Brazil 162% 154% 118% € bn, Jun-22 HQLAS Level 1 289.8 Chile 163% 139% 121% Argentina 219% 242% 174% HQLAS Level 2 7.3 SCF 266% 302% 112% o/w Level 2A 3.8 Group 165% 157% 123% o/w Level 2B 3.6 Note: Liquidity balance sheet for management purposes (net of trading derivatives and interbank balances). (1) Provisional data. Santander (2) Spain: Parent bank, UK: Ring-fenced bank. (3) 12 month average, provisional data. 44

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