Retail Banking Performance Update

Additional opportunities from rebuilding ALCO portfolios from current exposure, especially in euros %, Dec-22 Portfolio size €107bn (HTC&S €55bn) >>> Bond Portfolio¹ o/w euro area countries 25% >>> Brazil; 12% Santander (1) ALCO portfolio: €82bn; other government bond holdings: €25bn. Other South SCF; America; 7% 7% Chile; 11% Spain; 16% Mexico; 15% UK; 4% H Poland; 11% Portugal; 2% USA; 15% 10 6

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