H1'22 Financial Results and PagoNxt Highlights
Liquidity and Funding
YTD issuances against 2022 funding plan
€ bn, Jun-22
Execution of 2022 funding plan
SNP + Senior
Hybrids
Covered Bonds
TOTAL
Plan
Issued
Plan
Issued
Plan
Issued
Plan
Issued
1
2
Banco Santander, S.A.
3-3.5
1.8
9-10
11.6
12-13.5
13.4
SCF
0.0
5-6
1.2
0-0.5
5-6.5
1.2
UK
0.0
3-4
1.6
0.5-0.75
4.8
3.5-4.75
6.3
SHUSA
TOTAL
0.0
2-2.5
2.2
2-2.5
2.2
2
3-3.5
1.8
19-22.5
16.6 0.5-1.25
4.8
22.5-27.25
23.2
Banco Santander,
S.A.'s 2022 funding
plan contemplates
the following:
▸ The Financial Plan is mainly focused on covering TLAC/MREL requirements to:
▸ continue building up TLAC/MREL buffers.
▸ pre-finance senior non-preferred / senior preferred transactions which lose TLAC/MREL eligibility due to
entering in the <1 year window.
Santander
cover the increase in estimated RWAs which are the base of both requirements.
Note: Issuance plan subject to, amongst other considerations, market conditions and regulatory requirements. Other secured issuances (for example ABS, RMBS, etc.) are not considered
in the table above.
(1) Includes €1.8bn of sub debt issued in Q4'21 as pre-funding for 2022.
Includes €2.1bn of senior non-preferred issued Q4'21 as pre-funding for 2022.
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