Banco Santander, S.a. · BME:SAN
Banco Santander — 9M 2022 Earnings Presentation
72 slides from Banco Santander's earnings presentation, Oct 26, 2022
Slide 1: Earnings presentation: Supplementary information 9M'22
26 October 2022 Earnings presentation: Supplementary information — 9M’22
Slide 2: Important information
Important information Non-IFRS and alternative performance measures This presentation contains, in addition to the financial information prepared in accordance with International Financial Reporting Standards (“IFRS”) and derived from our financial statements, alternative performance measures (“APMs
Slide 3: Important information
Important information Forward looking statements are based on current expectations and future estimates about Santander’s and third-parties’ operations and businesses and address matters that are uncertain to varying degrees, including, but not limited to developing standards that may change in the
Slide 4: Supplementary information
Supplementary information Balance sheet and capital management Yield on loans and cost of deposits NPL and coverage ratios and cost of credit Quarterly income statements Glossary 4
Slide 5: Well-funded, diversified, prudent and highly liquid balance sheet
Well-funded, diversified, prudent and highly liquid balance sheet (large % contribution from customer deposits), reflected in solid liquidity ratios Liquidity Balance Sheet € bn, Sep-22 Liquidity Coverage Net Stable Funding 1,437 1,437 Ratio (LCR) Ratio (NSFR) 1 Sep-22 Jun-22 Jun-22 Loans and Custom
Slide 6: Additional opportunities from rebuilding ALCO portfolios
Additional opportunities from rebuilding ALCO portfolios from current very low exposure, especially in euros ALCO Portfolio %, Sep-22 Other South SCF, America, 7% 8% Chile, Spain, 11% 10% UK, 5% Portfolio size o/w euro area Brazil, countries €104bn 13% Poland, 20% 11% (HTC&S €61bn) Portugal, 2% Mexi
Slide 7: Conservative and decentralized liquidity and funding model
Conservative and decentralized liquidity and funding model €35bn1 issued in public markets in 9M’22 Very manageable maturity profile € bn, Sep-22, Average exchange rates € bn, Sep-22 21.5 Covered 3.5 7.7 4.3 7.0 16.2 Bonds 1.0 2.8 18.7 0.7 14.6 1.3 12.6 9.0 1.4 9.6 7.6 6.4 1.8 Senior 3.9 0.8 2.3 4.8
Slide 8: YTD issuances against 2022 funding plan
YTD issuances against 2022 funding plan Execution of 2022 funding plan € bn, Sep-22 Hybrids SNP + Senior Covered Bonds TOTAL Plan Issued Plan Issued Plan Issued Plan Issued Banco Santander, S.A. 3 - 3.5 1.81 9 - 10 17.22 - 3.4 12 - 13.5 22.4 SCF - 0.0 5-6 1.4 0 - 0.5 - 5 - 6.5 1.4 UK - 0.0 3-4 2.4 0
Slide 9: Santander's capital levels exceed minimum regulatory requirements
Santander’s capital levels, both phased-in and fully loaded, exceed minimum regulatory requirements SREP capital requirements and MDA* Assumed Assumedcapital capital requirements requirements (fully-loaded)*** (fully-loaded)** Sep-22 Sep-22 16.18% T2 16.00% 2.47% >15% 13.01% +316bps 1.46% AT1 13.01%
Slide 10: TLAC/MREL for the Resolution Group headed by Banco Santander, S.A.
TLAC/MREL for the Resolution Group headed by Banco Santander, S.A. TLAC Sep-22(e) MREL Sep-22(e) % % and € bn 39.0% 6.5% 145.9 26.0% 3.5% 22.1 Senior 4.5% 29.1 SNP 2.7 Sub debt 3.5% 10.9 T2 15.8% Req. 8.2 AT1 32.5% 2.6% 29.0% Req. 8.7% 21.5% 18.0% 1.9% 72.9 13.2% CET1 6.8% % RWAs % LE % RWAs % LE MR
Slide 11: Supplementary information
Supplementary information Balance sheet and capital management Yield on loans and cost of deposits NPL and coverage ratios and cost of credit Quarterly income statements Glossary 11
Slide 12: Yield on loans (%)
Yield on loans (%) Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Europe 2.06 2.02 1.98 1.99 2.08 2.23 2.44 Spain 1.84 1.78 1.68 1.69 1.73 1.78 1.98 United Kingdom 2.27 2.25 2.27 2.23 2.23 2.30 2.43 Portugal 1.52 1.47 1.44 1.41 1.42 1.45 1.64 Poland 2.90 2.91 2.93 3.31 4.64 6.21 7.28 North America 7.71 7
Slide 13: Cost of deposits (%)
Cost of deposits (%) Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Europe 0.11 0.08 0.07 0.07 0.08 0.14 0.25 Spain 0.05 0.05 0.05 0.05 0.05 0.05 0.09 United Kingdom 0.21 0.14 0.11 0.10 0.12 0.21 0.35 Portugal 0.02 0.01 0.01 0.01 0.00 0.00 0.06 Poland 0.06 0.04 0.02 0.04 0.16 0.49 1.00 North America 0.65
Slide 14: Supplementary information
Supplementary information Balance sheet and capital management Yield on loans and cost of deposits NPL and coverage ratios and cost of credit Quarterly income statements Glossary 14
Slide 15: Stage coverage
Stage coverage Exposure ¹ Coverage Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Stage 1 885 904 912 929 967 998 1,030 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% Stage 2 70 70 67 71 68 66 70 8.1% 8.2% 8.6% 7.7% 8.0% 8.5% 7.7% Stage 3 32 33 33 33 36 34 36 4
Slide 16: NPL ratio (%)
NPL ratio (%) Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Europe 3.26 3.30 3.15 3.12 3.01 2.63 2.58 Spain 4.98 5.16 4.86 4.72 4.47 3.83 3.69 United Kingdom 1.35 1.30 1.27 1.43 1.42 1.17 1.16 Portugal 3.84 3.71 3.44 3.44 3.42 3.33 3.03 Poland 4.82 4.58 4.34 3.61 3.50 3.45 3.63 North America 2.39
Slide 17: Total coverage ratio (%)
Total coverage ratio (%) Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Europe 50.0 48.4 51.1 49.4 49.1 50.2 49.7 Spain 48.0 45.7 49.6 51.4 50.4 49.4 49.3 United Kingdom 40.5 37.4 36.6 25.8 26.1 32.9 32.4 Portugal 69.2 73.0 75.5 71.7 72.8 74.3 76.3 Poland 70.3 72.4 74.6 73.9 78.5 76.0 74.8 North A
Slide 18: Credit impaired loans and loan-loss allowances by operating area
Credit impaired loans and loan-loss allowances. Breakdown by operating areas. September 2022 Credit impaired loans Loan-loss allowances Digital Consumer Digital Consumer Bank, 7.7% Bank, 10.3% Other South America, 0.5% Argentina, 0.4% Other South America, 0.9% Spain, 22.4% Chile, 6.2% Argentina, 1.0
Slide 19: Cost of risk (%)
Cost of risk (%) Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Europe 0.51 0.49 0.48 0.39 0.37 0.37 0.36 Spain 0.79 0.91 0.97 0.92 0.88 0.79 0.71 United Kingdom 0.21 0.09 0.01 (0.09) (0.08) (0.02) 0.02 Portugal 0.38 0.41 0.35 0.09 0.03 (0.05) (0.12) Poland 1.02 0.88 0.82 0.67 0.65 0.95 1.07 North
Slide 20: Supplementary information
Supplementary information Balance sheet and capital management Yield on loans and cost of deposits NPL and coverage ratios and cost of credit Quarterly income statements Glossary 20
Slide 21: GRUPO SANTANDER (EUR mn)
GRUPO SANTANDER (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 7,956 8,240 8,458 8,716 8,855 9,554 10,051 +5.2% 24,654 28,460 +15.4% Net fee income 2,548 2,621 2,641 2,692 2,812 3,040 3,015 -0.8% 7,810 8,867 +13.5% Gains (
Slide 22: GRUPO SANTANDER (Constant EUR mn)
GRUPO SANTANDER (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 8,576 8,791 8,929 9,223 9,087 9,429 9,943 +5.4% 26,296 28,460 +8.2% Net fee income 2,730 2,779 2,754 2,829 2,880 2,998 2,989 -0.3% 8,263 8,867 +7.3% G
Slide 23: Europe (EUR mn)
Europe (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,551 2,656 2,650 2,717 2,839 2,981 3,179 +6.6% 7,857 8,998 +14.5% Net fee income 1,072 1,086 1,080 1,107 1,154 1,162 1,125 -3.1% 3,237 3,441 +6.3% Gains (losses) on fi
Slide 24: Europe (Constant EUR mn)
Europe (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,579 2,673 2,661 2,717 2,822 2,980 3,196 +7.3% 7,913 8,998 +13.7% Net fee income 1,076 1,088 1,080 1,107 1,153 1,161 1,127 -3.0% 3,244 3,441 +6.1% Gains (loss
Slide 25: Spain (EUR mn)
Spain (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,074 1,065 998 1,028 998 1,017 1,119 +10.0% 3,137 3,134 -0.1% Net fee income 684 693 679 732 745 730 697 -4.6% 2,057 2,172 +5.6% Gains (losses) on financial transaction
Slide 26: United Kingdom (EUR mn)
United Kingdom (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 989 1,088 1,156 1,151 1,192 1,227 1,277 +4.1% 3,232 3,695 +14.3% Net fee income 120 117 114 82 92 110 93 -15.3% 352 295 -16.1% Gains (losses) on financial trans
Slide 27: United Kingdom (Constant EUR mn)
United Kingdom (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,020 1,108 1,168 1,153 1,177 1,228 1,290 +5.0% 3,296 3,695 +12.1% Net fee income 124 119 115 82 91 110 94 -14.3% 358 295 -17.7% Gains (losses) on fina
Slide 28: United Kingdom (GBP mn)
United Kingdom (GBP mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 864 938 989 976 997 1,040 1,092 +5.0% 2,791 3,129 +12.1% Net fee income 105 101 97 69 77 93 80 -14.3% 304 250 -17.7% Gains (losses) on financial transactions an
Slide 29: Portugal (EUR mn)
Portugal (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 185 184 178 174 170 171 175 +2.7% 548 516 -5.8% Net fee income 99 110 115 116 122 123 121 -1.2% 325 366 +12.7% Gains (losses) on financial transactions and other 135
Slide 30: Poland (EUR mn)
Poland (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 233 242 244 302 407 486 530 +9.0% 719 1,424 +98.2% Net fee income 127 126 133 132 138 130 135 +3.9% 386 403 +4.5% Gains (losses) on financial transactions and other (10
Slide 31: Poland (Constant EUR mn)
Poland (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 226 235 238 297 403 484 537 +11.0% 700 1,424 +103.6% Net fee income 123 123 130 131 136 129 137 +6.0% 376 403 +7.3% Gains (losses) on financial transactions an
Slide 32: Poland (PLN mn)
Poland (PLN mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,057 1,098 1,112 1,389 1,881 2,261 2,510 +11.0% 3,267 6,652 +103.6% Net fee income 576 573 606 610 637 605 641 +6.0% 1,754 1,883 +7.3% Gains (losses) on financial tran
Slide 33: Other Europe (EUR mn)
Other Europe (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 71 76 75 61 72 80 77 -3.1% 221 229 +3.5% Net fee income 41 38 39 44 56 69 79 +14.7% 118 205 +73.3% Gains (losses) on financial transactions and other 6 (3) (1) (6
Slide 34: Other Europe (Constant EUR mn)
Other Europe (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 74 80 78 64 74 80 75 -6.3% 233 229 -1.7% Net fee income 46 42 42 47 58 69 78 +12.0% 129 205 +58.9% Gains (losses) on financial transactions and other 10
Slide 35: North America (EUR mn)
North America (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,971 1,977 2,037 2,086 2,131 2,352 2,619 +11.4% 5,986 7,102 +18.7% Net fee income 451 410 386 397 443 494 513 +3.8% 1,247 1,450 +16.3% Gains (losses) on financi
Slide 36: North America (Constant EUR mn)
North America (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,240 2,236 2,252 2,263 2,262 2,352 2,489 +5.8% 6,728 7,102 +5.6% Net fee income 512 461 424 430 471 493 486 -1.4% 1,397 1,450 +3.8% Gains (losses) on f
Slide 37: United States (EUR mn)
United States (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,310 1,300 1,332 1,356 1,378 1,499 1,669 +11.3% 3,942 4,546 +15.3% Net fee income 241 191 174 176 197 198 194 -2.0% 606 588 -3.0% Gains (losses) on financial tr
Slide 38: United States (Constant EUR mn)
United States (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,487 1,476 1,478 1,458 1,456 1,504 1,586 +5.4% 4,441 4,546 +2.4% Net fee income 273 217 192 188 208 198 182 -7.9% 683 588 -13.9% Gains (losses) on fina
Slide 39: United States (USD mn)
United States (USD mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,578 1,567 1,569 1,548 1,546 1,597 1,684 +5.4% 4,715 4,826 +2.4% Net fee income 290 231 204 200 221 210 193 -7.9% 725 624 -13.9% Gains (losses) on financial tra
Slide 40: Mexico (EUR mn)
Mexico (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 661 678 705 730 753 853 950 +11.4% 2,043 2,556 +25.1% Net fee income 204 210 203 211 245 283 303 +6.8% 617 831 +34.7% Gains (losses) on financial transactions and other
Slide 41: Mexico (Constant EUR mn)
Mexico (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 753 760 773 805 805 848 903 +6.4% 2,287 2,556 +11.8% Net fee income 232 236 222 232 262 282 287 +1.8% 691 831 +20.3% Gains (losses) on financial transactions a
Slide 42: Mexico (MXN mn)
Mexico (MXN mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 16,201 16,346 16,630 17,312 17,319 18,241 19,417 +6.4% 49,176 54,978 +11.8% Net fee income 4,995 5,077 4,781 4,998 5,641 6,061 6,170 +1.8% 14,853 17,873 +20.3% Gains (l
Slide 43: Other North America (EUR mn)
Other North America (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 0 0 0 0 0 (0) (0) -25.8% 0 0 -97.2% Net fee income 7 8 9 10 1 13 17 +27.9% 24 31 +29.8% Gains (losses) on financial transactions and other (5) (2) 1 (4) 1
Slide 44: Other North America (Constant EUR mn)
Other North America (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 0 0 0 0 0 (0) (0) -25.8% 0 0 -97.2% Net fee income 7 8 9 10 1 13 17 +27.9% 24 31 +29.8% Gains (losses) on financial transactions and other (5) (2)
Slide 45: South America (EUR mn)
South America (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,570 2,756 2,916 3,065 3,037 3,390 3,411 +0.6% 8,242 9,838 +19.4% Net fee income 842 928 956 995 1,013 1,162 1,174 +1.0% 2,726 3,350 +22.9% Gains (losses) on fi
Slide 46: South America (Constant EUR mn)
South America (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,888 3,029 3,157 3,395 3,158 3,266 3,413 +4.5% 9,074 9,838 +8.4% Net fee income 958 1,032 1,030 1,099 1,053 1,123 1,174 +4.5% 3,021 3,350 +10.9% Gains
Slide 47: Brazil (EUR mn)
Brazil (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,778 1,917 2,081 2,091 2,143 2,279 2,251 -1.2% 5,776 6,672 +15.5% Net fee income 632 698 696 701 743 857 812 -5.3% 2,027 2,412 +19.0% Gains (losses) on financial trans
Slide 48: Brazil (Constant EUR mn)
Brazil (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,156 2,245 2,359 2,454 2,303 2,190 2,180 -0.4% 6,761 6,672 -1.3% Net fee income 766 818 788 823 798 827 786 -5.0% 2,372 2,412 +1.7% Gains (losses) on financia
Slide 49: Brazil (BRL mn)
Brazil (BRL mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 11,731 12,215 12,834 13,348 12,527 11,912 11,859 -0.4% 36,780 36,297 -1.3% Net fee income 4,169 4,450 4,285 4,476 4,342 4,501 4,275 -5.0% 12,905 13,118 +1.7% Gains (los
Slide 50: Chile (EUR mn)
Chile (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 497 511 467 508 483 554 402 -27.5% 1,475 1,440 -2.4% Net fee income 95 96 104 100 112 110 120 +9.1% 294 341 +15.9% Gains (losses) on financial transactions and other 22
Slide 51: Chile (Constant EUR mn)
Chile (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 475 484 467 524 480 547 413 -24.6% 1,426 1,440 +0.9% Net fee income 91 91 103 103 111 108 122 +12.7% 285 341 +19.9% Gains (losses) on financial transactions and
Slide 52: Chile (CLP mn)
Chile (CLP mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 433,496 441,440 425,810 477,726 437,644 498,964 376,457 -24.6% 1,300,747 1,313,065 +0.9% Net fee income 82,698 82,631 94,239 94,052 101,410 98,614 111,094 +12.7% 259,567
Slide 53: Argentina (EUR mn)
Argentina (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 203 234 267 361 300 432 616 +42.5% 704 1,347 +91.4% Net fee income 74 87 110 149 121 143 182 +26.9% 272 445 +63.8% Gains (losses) on financial transactions and other
Slide 54: Argentina (Constant EUR mn)
Argentina (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 152 192 214 299 256 407 685 +68.5% 558 1,347 +141.6% Net fee income 55 72 89 123 103 136 207 +52.1% 215 445 +106.8% Gains (losses) on financial transactions
Slide 55: Argentina (ARS mn)
Argentina (ARS mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 21,907 27,724 30,984 43,242 36,978 58,765 99,007 +68.5% 80,614 194,750 +141.6% Net fee income 7,977 10,342 12,802 17,770 14,875 19,625 29,856 +52.1% 31,120 64,356 +1
Slide 56: Other South America (EUR mn)
Other South America (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 92 93 102 105 111 125 142 +13.7% 287 378 +31.6% Net fee income 41 46 45 46 38 52 62 +18.0% 133 152 +14.4% Gains (losses) on financial transactions and othe
Slide 57: Other South America (Constant EUR mn)
Other South America (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 105 108 116 118 120 123 136 +10.7% 328 378 +15.1% Net fee income 46 52 51 51 41 52 60 +15.9% 148 152 +2.4% Gains (losses) on financial transaction
Slide 58: Digital Consumer Bank (EUR mn)
Digital Consumer Bank (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 996 1,015 1,017 1,014 1,020 1,012 1,000 -1.2% 3,027 3,032 +0.1% Net fee income 188 206 222 204 206 219 204 -6.7% 616 629 +2.0% Gains (losses) on financia
Slide 59: Digital Consumer Bank (Constant EUR mn)
Digital Consumer Bank (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,002 1,016 1,022 1,013 1,017 1,012 1,002 -1.0% 3,040 3,032 -0.3% Net fee income 188 206 222 204 206 219 204 -6.6% 616 629 +2.0% Gains (losses)
Slide 60: Corporate Centre (EUR mn)
Corporate Centre (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income (133) (164) (162) (165) (172) (181) (157) -13.0% (459) (510) +11.2% Net fee income (5) (8) (2) (12) (3) 2 (2) — (15) (3) -82.2% Gains (losses) on financial tr
Slide 61: Retail Banking (EUR mn)
Retail Banking (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 7,286 7,573 7,770 7,966 8,094 8,620 9,053 +5.0% 22,629 25,767 +13.9% Net fee income 1,721 1,768 1,754 1,801 1,816 1,975 1,967 -0.4% 5,244 5,759 +9.8% Gains (los
Slide 62: Retail Banking (Constant EUR mn)
Retail Banking (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 7,866 8,083 8,208 8,441 8,308 8,509 8,950 +5.2% 24,156 25,767 +6.7% Net fee income 1,848 1,871 1,828 1,897 1,857 1,946 1,956 +0.5% 5,547 5,759 +3.8% Ga
Slide 63: Corporate & Investment Banking (EUR mn)
Corporate & Investment Banking (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 690 716 729 785 786 928 924 -0.4% 2,135 2,637 +23.5% Net fee income 462 427 433 422 521 506 491 -3.0% 1,322 1,517 +14.8% Gains (losses) on finan
Slide 64: Corporate & Investment Banking (Constant EUR mn)
Corporate & Investment Banking (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 726 752 758 813 802 915 920 +0.6% 2,236 2,637 +17.9% Net fee income 489 451 447 437 532 500 486 -2.8% 1,388 1,517 +9.3% Gains (losses)
Slide 65: Wealth Management & Insurance (EUR mn)
Wealth Management & Insurance (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 113 115 122 127 145 184 225 +22.4% 350 554 +58.5% Net fee income 289 306 315 336 321 334 327 -2.0% 911 982 +7.8% Gains (losses) on financial tran
Slide 66: Wealth Management & Insurance (Constant EUR mn)
Wealth Management & Insurance (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 118 120 126 131 148 183 224 +22.3% 364 554 +52.2% Net fee income 306 322 327 347 327 332 323 -2.7% 955 982 +2.9% Gains (losses) on finan
Slide 67: PagoNxt (EUR mn)
PagoNxt (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income (1) (1) 0 3 2 3 6 +110.9% (2) 11 — Net fee income 81 127 140 144 157 222 232 +4.4% 349 611 +75.1% Gains (losses) on financial transactions and other (14) (4) 4 14 3 11
Slide 68: PagoNxt (Constant EUR mn)
PagoNxt (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income (1) (1) (0) 3 2 3 6 +109.9% (2) 11 — Net fee income 92 143 153 161 167 218 227 +4.0% 389 611 +57.2% Gains (losses) on financial transactions and other (14) (3
Slide 69: Supplementary information
Supplementary information Balance sheet and capital management Yield on loans and cost of deposits NPL and coverage ratios and cost of credit Quarterly income statements Glossary 69
Slide 70: Glossary - Acronyms
Glossary - Acronyms ▪ ALCO: Assets and Liabilities Committee ▪ ESG: Environmental, social and governance ▪ Repos: Repurchase agreements ▪ AT1: Additional Tier 1 ▪ FY: Full year ▪ RoE: Return on equity ▪ AuMs: Assets under Management ▪ HTC&S: Held to collect and sell ▪ RoRWA: Return on risk-weighted
Slide 71: Glossary - Definitions
Glossary - Definitions PROFITABILITY AND EFFICIENCY ✓ RoTE: Return on tangible capital: Group attributable profit / average of: net equity (excluding minority interests) – intangible assets (including goodwill) ✓ RoRWA: Return on risk-weighted assets: consolidated profit / average risk-weighted asse
Slide 72: Thank You.
Thank You. Our purpose is to help people and businesses prosper. Our culture is based on believing that everything we do should be: