2022 Earnings Presentation

Customer deposits increased 4% YoY as time deposit growth more than offset the decrease in demand deposits Total customer funds (Constant € bn) 1 120.9 117.5 118.0 118.3 114.5 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Dec-22 Dec-21 YoY (%) QoQ (%) Demand 16.3 18.6 -12.4 -6.9 Time 59.4 53.9 10.2 3.9 Total deposits 75.8 72.6 4.4 1.3 Mutual Funds 45.1 45.0 0.4 3.7 Total customer funds 120.9 117.5 2.9 2.2 2 Letras 16.7 11.5 44.9 3.6 Customer funds + Letras 137.6 129.0 6.6 2.4 Santander Group criteria. 11 (1) Excluding repos. End period exchange rate as at Dec-22. (2) Includes real estate credit notes (LCI), agribusiness credit notes (LCA), secured real estate notes (LIG) and financial bills.

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