Retail Banking Performance Update
Issuances against 2022 funding plan
€ bn, Dec-22
Execution of 2022 funding plan
SNP + Senior
Hybrids
Covered Bonds
TOTAL
Plan
Issued
Plan
Issued
Plan
Issued
Plan
Issued
1
Banco Santander, S.A.
3-3.5
1.8
9-10
17.5²
2
3.4
12 - 13.5
22.8
SCF
5-6
1.5
0-0.5
5-6.5
1.5
UK
3-4
4.7
0.5-0.75
4.8
3.5-4.75
9.5
SHUSA
2-2.5
3.5
2-2.5
3.5
2
TOTAL
3-3.5
1.8
19 - 22.5
27.3 0.5-1.25
8.2
22.5-27.25
37.3
Banco Santander,
S.A.'s 2022 funding
plan contemplates
the following:
▸ The Financial Plan is mainly focused on covering TLAC/MREL requirements to:
▸ continue building up TLAC/MREL buffers.
▸ pre-finance senior non-preferred / senior preferred transactions which lose TLAC/MREL eligibility due to
entering in the <1 year window.
Santander
cover the increase in estimated RWAs which are the base of both requirements.
Note: Issuance plan subject to, amongst other considerations, market conditions and regulatory requirements. Other secured issuances (for example ABS, RMBS, etc.) are not considered
in the table above.
(1) Includes €1.8bn of sub debt issued in Q4'21 as pre-funding for 2022.
Includes €2.1bn of senior non-preferred issued Q4'21 as pre-funding for 2022.
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