Q1 2023 Financial Report

Total income had a positive performance supported mainly by strong NII Total income (Constant € mn)1 729 692 696 572 501 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q1'23 Q1'22 YoY (%) QoQ (%) Net interest income 586 400 46.6 6.0 Net fee income 145 135 7.1 15.4 Customer revenue 731 535 36.6 7.8 Other² (2) (34) -94.5 Total income 729 501 45.5 4.8 Santander (1) Average exchange rate as at 3M'23. (2) Other includes Gains (losses) on financial transactions and Other operating income. 15

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