Financial and Liquidity Management Summary

LLPs remain at very low levels, reflecting the strength of our balance sheet and a resilient labour market Net LLPs (EUR mn) 28 -3 9M'22 9M'21 YoY (%) QoQ (%) 9 4 Net Operating Income LLPs 569 604 -5.7 +24.6 10 -101 +110.9 Net Operating Income after LLPs 579 502 +15.3 +26.8 NPE ratio 2.0% 2.3% -0.3pp -0.2pp NPE coverage ratio 84.8% 83.4% +1.5pp +2.8pp -33 3Q21 Cost of Credit (1) -0.09% 0.33% -0.42pp -0.10pp 4Q21 1Q22 2Q22 3Q22 Santander (1) Cost of credit based on 12 month loan-loss provisions divided by average customer loans. 17

View entire presentation