Financial and Liquidity Management Strategy

Results Lower NII, given lower Euribor rates and narrower spreads Net interest income (EUR mn) 214 213 202 197 193 Yields and costs (%) Yield on loans 1.71% 1.64% 1.63% 1.56% 1.57% Cost of deposits 0.10% 0.10% 0.08% 0.06% 0.05% Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Differential 160 bps 155 bps 154 bps 150 bps 153 bps 3Q19 4Q19 1Q20 2Q20 3Q20 Santander 13

View entire presentation