Retail Banking Performance Update
2023 funding plan and 2023 YTD issuances
€ bn, Jan-23
2023 funding plan
Hybrids
SNP + Senior
Covered Bonds
TOTAL
Plan
Issued
Plan
Issued
Plan
Issued
Plan
Issued
Banco Santander, S.A
0.5-1.5
9-10
5.8
6-7
3.5
15-17
9.3
UK
3-4
1.2
5-6
1.7
8-10
2.9
SCF
2-4
2-4
SHUSA
1-2
1-2
TOTAL
0.5-1.5
15-20
7.0
11-13
5.2
26-33
12.2
▸ Continue fulfilling the 1.5% AT1 and 2% T2 buffers subject to RWA growth.
Banco Santander,
S.A.'s 2023 funding
plan contemplates
the following:
▸ MREL & TLAC ratios above regulatory requirements.
▸ Liquidity position remains solid, with LCR and NFSR above minimum requirements and ample liquidity
buffers.
▸ Frontloading of issuances in the first quarter of the year, having issued EUR 9.3 billion (55% of the funding
plan), particularly focused on liquidity issuances.
Santander
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