Financial Review Quarter 3 2023

Net fee income declined, mainly affected by lower activity and new regulation on mortgage prepayment fees Net fee income (EUR mn) 9M'23 9M'22 YoY (%) QoQ (%) 119 122 112 115 110 Credit 45 55 59 -24.3 -10.7 Means of Payment 80 60 868 87 -7.8 -2.6 Mutual funds 26 28 -8.0 +2.3 Insurance Other 92 95 55 -3.3 +1.5 103 89 +15.6 +23.8 3Q22 4Q22 1Q23 2Q23 3Q23 Santander Total net fee income 346 359 -3.6 +4.6 13

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