Market Shares and Financial Update

Results Lower NII, as the spread compression on loans more than offset higher volumes, in a competitive market environment Net interest income (EUR mn) Yields and costs (%) Yield on loans 1.63% 1.57% 1.57% 202 1.51% 197 1.46% 193 195 192 Cost of deposits 0.08% 0.06% 0.05% 0.03% 0.02% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Differential 1Q20 2Q20 3Q20 4Q20 1Q21 154 bps 151 bps 152 bps 148 bps 143 bps Santander 13

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