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2017 EU-wide Transparency Exercise Summary for Banco Santander SA

Core Content

This document provides detailed financial transparency data for Banco Santander SA as part of the 2017 EU-wide Transparency Exercise. It includes information on capital ratios, leverage ratios, risk exposure amounts, and profit and loss (P&L) figures for the bank, following the acquisition of Banco Popular and the associated capital increase.

Key Financial Information

Capital Ratios (Transitional Period)

• CET1 Capital (net of deductions and after transitional adjustments):

  • As of 31/12/2016: 69,168 million EUR
  • As of 30/06/2017: 69,168 million EUR (excluding the capital increase)
  • Pro-forma CET1 fully-loaded ratio: 10.72% as of 30/06/2017

• Additional Tier 1 Capital (net of deductions and after transitional adjustments):

  • As of 31/12/2016: 2,466 million EUR
  • As of 30/06/2017: 2,466 million EUR

• Tier 1 Capital (net of deductions and after transitional adjustments):

  • As of 31/12/2016: 71,635 million EUR
  • As of 30/06/2017: 71,635 million EUR

• Tier 2 Capital (net of deductions and after transitional adjustments):

  • As of 31/12/2016: 13,725 million EUR
  • As of 30/06/2017: 13,725 million EUR

Capital Ratios (Fully Loaded)

• CET1 Capital (fully loaded):

  • As of 30/06/2017: 60,312 million EUR

• CET1 Capital Ratio (fully loaded):

  • As of 30/06/2017: 9.58%

Leverage Ratios

• Leverage ratio (transitional definition of Tier 1 capital): 4.9% as of 30/06/2017
• Leverage ratio (fully phased-in definition of Tier 1 capital): 4.6% as of 30/06/2017

Risk Exposure Amounts

• Total Risk Exposure Amount (as of 30/06/2017): 630,130 million EUR

• Credit Risk Exposure:

  • As of 31/12/2016: 500,529 million EUR
  • As of 30/06/2017: 539,469 million EUR

• Securitisation and Re-securitisation Risk Exposure:

  • As of 31/12/2016: 2,234 million EUR
  • As of 30/06/2017: 2,952 million EUR

• Foreign Exchange Risk Exposure:

  • As of 31/12/2016: 7,578 million EUR
  • As of 30/06/2017: 6,377 million EUR

• Commodities Risk Exposure:

  • As of 31/12/2016: 372 million EUR
  • As of 30/06/2017: 377 million EUR

Profit and Loss (P&L) Summary

• Total Operating Income, Net:

  • As of 31/12/2016: 43,637 million EUR
  • As of 30/06/2017: 23,741 million EUR

• Profit or (Loss) Before Tax from Continuing Operations:

  • As of 31/12/2016: 10,638 million EUR
  • As of 30/06/2017: 6,545 million EUR

• Profit or (Loss) After Tax from Continuing Operations:

  • As of 31/12/2016: 7,453 million EUR
  • As of 30/06/2017: 4,330 million EUR

• Profit or (Loss) for the Year: 4,330 million EUR

Capital Components and Deductions

• Common Equity Tier 1 Capital (CET1):
  • Includes capital instruments eligible as CET1, retained earnings, accumulated other comprehensive income, minority interest, and adjustments due to prudential filters.
• Additional Tier 1 Capital:
  • Includes additional Tier 1 capital instruments and other components.
• Tier 2 Capital:
  • Includes Tier 2 capital instruments and other components.

Regulatory References

• The data is based on the Capital Requirements Regulation (CRR) and Delegated Regulation (EU) 2015/62.
• Specific sections of the CRR and Delegated Regulation are referenced for each capital component and deduction.

Key Observations

• The CET1 ratio decreased slightly after the capital increase, but the fully loaded CET1 ratio is still above the regulatory minimum.
• The leverage ratio also decreased after the capital increase, reflecting the impact of the additional capital on the bank's risk exposure.
• The bank's total risk exposure increased from 588,088 million EUR (as of 31/12/2016) to 630,130 million EUR (as of 30/06/2017).
• The P&L figures show a significant decline in operating income, which is attributed to changes in the financial environment and business activities.