Retail Banking Performance Update
Conservative and decentralized liquidity and funding model
€40bn¹ issued in public markets in 2022
€ bn, Dec-22, Average exchange rates
€ bn, Dec-22
Very manageable maturity profile
Covered
Bonds
7.6
6.9
4.5
3.4
21.6
18.1
3.0
1.4
12.0
1.7
18.4
15.3
12.4
Senior
7.3
6.4
9.4
1.5
1.8
1.2
4.6
27.5
4.8
10.4
5.5
0.0
0.1
Senior Non-
Preferred
8.9
8.6
7.0
4.5
3.4
Covered bonds Senior
Senior non-
preferred
Preference
shares
Sub debt
▸ Other includes issuances in Brazil, Mexico, Portugal, Poland
and Peru
Spain UK
DCB
Other
0.7
Chile
USA
Santander (1) Data includes public issuances from all units with period-average exchange rates. Excludes securitizations.
(2) Includes Banco Santander, S.A. and Santander International Products PLC.
Note: preference shares also includes other AT1 instruments.
Other
3.7
2.6
19.3
2023
2024
2025
2026
>2026
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