Financial Performance Update Q3'22

Net fee income rose 2% YoY mainly due to higher transactionality, supported by customer base growth. 5% decrease QoQ, mainly impacted by cards Net fee income (Constant € mn)1 9M'22 9M'21 YoY (%) QoQ (%) Transactional fees 1,331 1,279 4.1 -7.6 Payment methods 555 477 16.4 -10.0 Foreign exchange 227 192 18.4 -8.4 823 827 788 798 currencies 786 Account admin + Packs 437 467 -6.4 -6.2 plans Other transactional 112 143 -21.8 0.7 Investment and pension 130 151 -14.0 -2.1 funds Insurance 555 588 -5.7 14.3 Securitites and custody 83 138 -39.6 -27.7 services Other 313 217 44.0 -19.2 Total net fee income 2,412 2,372 1.7 -5.0 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 (1) Average exchange rate as at 9M'22. Santander 15

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