Q1 2023 Financial Report

Deposits increased in time on the back of higher rates Total customer funds (Constant € bn)¹ 42.4 42.8 41.2 40.9 39.9 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Santander Group criteria. (1) Excluding repos. End period exchange rate as at Mar-23. Mar-23 Mar-22 YoY (%) QoQ (%) Demand 29.3 33.3 -12.0 -0.9 Time 10.1 4.3 133.8 3.4 Total deposits 39.4 37.6 4.7 0.1 Mutual Funds 3.4 3.5 -4.7 9.0 Total customer funds 42.8 41.2 3.9 0.8 11

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