2022 Highlights and ESG Progress

...backed by a loan portfolio that is highly collateralized, diversified... Credit quality Solid loan portfolio structure Dec-22, YoY % changes in constant euros Dec-21 Dec-22 €1,019bn NPL ratio 3.16% 3.08% €1,019bn CIB 14% +11% >65% investment grade² Unsecured 35% SMEs & Corps Coverage ratio 71% 68% 0% c.50% secured 24% Non-auto & other +8% Stage 1 €929.4bn €1,004.1bn 13% Adequate risk-return levels in consumer Auto +8% Secured 65% 15% Stage 2 €70.8bn €69.1bn Indiv. mortgage +6% c.90% with LTVs <80% 34% Stage 3 €33.2bn €34.7bn Guarantee Segments Santander (1) Managerial breakdown. (2) Considering investment grade exposures with rating above equivalent rating agencies' BBB. 22

View entire presentation