H1'22 Financial Results and PagoNxt Highlights
Liquidity and Funding
Santander's liquidity management is based on the following principles
▸ Decentralized liquidity model.
▸ Needs derived from medium- and long-term activity must be financed by medium- and long-term instruments.
▸ High contribution from customer deposits, due to the retail nature of the balance sheet.
▸ Diversification of wholesale funding sources by instruments/investors, markets/currencies and maturities.
▸ Limited recourse to wholesale short-term funding.
▸ Availability of sufficient liquidity reserves, including the discount window/ standing facility in central banks to be
used in adverse situations.
▸ Compliance with regulatory liquidity requirements both at Group and subsidiary level, as a new conditioning
management factor.
Santander
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