Santander Financial Overview 2023

Net fee income remained broadly stable as advisory service fees offset lower transactional fees due to lower new lending Net fee income (€ mn) 122 123 124 121 118 Q1'23 Q1'22 YoY (%) QoQ (%) Transactional fees 66 70 -5.4 -6.8 Payment methods 27 28 -1.4 -9.4 Account admin. and 19 20 -5.5 -3.4 Exchange and commercial bills 9 12 -25.2 -13.9 Other transactional 10 9 8.9 1.8 Investment and pension funds 10 11 -11.0 1.1 Insurance 31 31 -2.2 -0.9 Securities and custody services Other 2 1 25.2 -32.2 16 9 83.7 283.0 Total net fee income 124 122 1.6 5.0 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Santander 14

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