Q1 2023 Financial Report

Loan growth slowing down while total deposits up fuelled by time deposits Total loans (Constant € bn¹) 284 277 280 276 278 7% 6% YOY (%) 6% 1% 1% YOY (%) Mar-22 Jun-22 Sep-22 Dec-22 Feb-23 Total customer deposits (Constant €bn¹) 370 364 349 349 380 9% 8% 6% 6% 6% Mar-22 Jun-22 Sep-22 Dec-22 Feb-23 Loan growth slowed to 1%. Loans to businesses performed well (+6%) mainly due to elevated demand for working capital Loans to households fell by 5% (FX-adjusted) in February, driven by lower mortgage originations and elevated repayments (PLN mortgage growth below zero) New business for consumer loans and rising number of mortgage loan applications may deliver on stronger growth rates in the coming quarters Deposits grew 9% in February, primarily fuelled by time deposits (+96%), while the volume of demand deposits continued to decrease (-10%) Differing trends between deposit and loan growth is mostly resulting from a rise in net foreign assets of the banking system Santander (1) End period exchange rate as of Mar-23. Source: National Bank of Poland, Santander Bank Polska. UT 5

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