Investor Presentaiton
Transactional and well capitalized financial system
Total loans (Constant € bn¹)
50
45
41
36
33
YoY
(%)
32.6%
36.6%
42.2%
47.9%
52.9%
Jun-21
Sep-21
Dec-21
Mar-22
Jun-22
Total customer funds (Constant € bn 1,2)
109
95
85
120
133
YOY
(%)
49.8%
52.3%
59.1%
57.7%
57.1%
Jun-21
Sep-21
Dec-21
Mar-22
Jun-22
Santander Source: Central Bank of Argentina.
(1)
End period exchange rate as of Jun-22.
Total customer funds includes total deposits and mutual funds.
As of Mar-22.
Loans/GDP³: 9%. Deposits/GDP³: 18%.
Loans: 56% growth YoY in local currency and -15% in dollar-
denominated portfolio (in local currency).
Deposits: up 57% YoY, +66% in local currency and +22% in
dollar-denominated portfolio (in local currency).
High liquidity levels in both pesos and US dollars. Excess
liquidity placed in Central Bank notes and repos.
▸ Improving capital ratio³: 26.2%. CET1 Ratio³: 24.9%.
Private sector NPL ratio³ at 3.9% and coverage³ at 116%.
Temporary flexibility in regulation ended in Jun-21.
12m Inflation: 65%.
UT
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