Santander Consumer Bank
Q4 2017 Investor Presentation
Who we areSantander Consumer Bank is a Nordic bank with more than
1,200 colleagues in Sweden, Norway, Denmark and Finland, with a long history
in the Nordics, and with global strength by being a part of Banco Santander.
We are one of the largest Nordic banks providing loans and credits,
credit cards, deposits and insurance to private customers.
We work with the best people in an engaged, challenging and passionate
organization that provides great opportunities for professional growth.
Regulated in Norway, owned by Banco Santander
SCB is
regulated
by the
Norwegian
FSA
Santander Consumer
Finance S.A
Fitch/Moody’s/S&PA-/A3/BBB+
Santander Consumer Bank AS
Fitch/Moody’sA-/A3
Santander Consumer
Bank Denmark
(Branch)
Santander Consumer
Finance Finland
(Subsidiary)
Santander Consumer
Bank Sweden
(Branch)
BancoSantander S.A.
Fitch/Moody’s/S&PA-/A3/A-
Q4 Key figures
Total
deposits
50.6NOK Bn
Gross
Outstanding
Loans
143.6NOK Bn
Profit Before
Tax
4.0NOK Bn
Core capital
CET1
15.5per cent
People
1,229employees
Customers
1.35million
Return on
Asset
3.0per cent
Partners
+4,100merchants
+4,200car dealers
Source: SCB Annual Report 2017 and Management Figures as per Q4 2017
History
Bankia Bank acquired
(credit cards)
ELCON Finance becomes
Santander Consumer
Bank AS (SCB)
ELCON Finance
A leading Norwegian
company within equipment
leasing, factoring and auto
financing
Santander Consumer
Finance (SCF) acquires
ELCON
Company
demerges
Auto finance retained in
Norway and Sweden
Launch consumer
loans Norway
Start up auto finance in
Denmark and Finland
GE Finland acquired
(auto finance,
consumer loans)
Consumer loans in
Sweden (2012) and
Denmark (2013)
Deposits launched in
Norway and Sweden (2013)
Deposits launched in
Denmark in 2014
1963
2004
2005
2006/07
2009
2012/13
2015
SCB merges with
GE Money Bank
SCB becomes
leader within car
finance and
unsecured loans in
the Nordic region
€
€
Main product areas
Auto & Leisure Unsecured InsuranceDeposits
Saving products
with high interest
rates provided to
private customers
Insurance products
related to payment
protection, auto,
health and travel,
offered to private
customers
Loans, credit cards and sales
finance services offered to private
customers
Loans and financial services
provided to private customers and
car dealers
Gross outstanding loans, distribution by productTotal Auto and Total Unsecured
Auto SME
10%
Non Std. Auto
7%
Consumer
Loan
19%
Credit Card
5%
Auto Private
Persons
59%
Total
Unsecured
24%
Total Auto
76%
Source: Annual Report 2017 and Management Figures as per Q4 2017
Our auto products
Saving products with high interest
rates provided to private customers
Auto &
Leisure
Loans and financial services
provided to private
customers SMEs and car dealers
Distribution
Online
Dealers
Cross sale
Auto Loans & Hire Purchase
Customers
• Private Customers
• Business Customers
Distribution
• Online direct distribution
• Indirect distribution with
dealers and importers
Stock & Demo Financing
• Finance of dealer inventories
• Importer agreements (new)
• Direct to dealers (used)
Customers
• Private Customers
• Business Customers
Distribution
• Dealers
• Direct SME
Auto Leasing
Position within Auto
Source Norway: Internal calculations based on data from Finansieringsselskapenes Forening as per Q4 2017
Source Finland: Internal calculations based on data from Finnish Transportation Safety Agency (Trafi) as per Q4 2017
Source Denmark: Internal calculations based on data from Finans og Leasing as per Q4 2017
Source Sweden: Internal calculations based on data from Finansbolagens Förening as per Q4 2017
Partnershipswith
21brands
+4.200dealers
Position and market share in the Nordics
#1Position
26%market share
#1Position
21%market share
#1Position
36%market share
#4Position
11%market share
Unsecured products
Sales finance Credit cardsDirect loans
Unsecured
Loans, credit cards and sales finance services
offered to private customers
Distribution
Online
Stores
Cross sale
Portfolio Management
Distribution
Online
Stores
Cross sale
Distribution
Online
Agents
Cross sale
GDPRPSD2
Partnerships a key success factor
+4,100 merchants
+4,200 car dealers and 30 brokers
“We started working with
Santander as an exclusive
partner two years ago.
Since then, we have
reached targets we didn’t
think were possible”
— Paal Jahrmann,
CEO Birger N. Haug
“I’ve seen Santander work in a way that is not typical to a bank. You always take and run with our targets”
— Stefan Andström, Sales Director, Nissan Nordic,
Helsinki
Financials
Q4 2017 | Santander Group key figures
Banco Santander S.A.
Total assets 1,44 (trillion €)
Branches globally13,697 (units)
Headcount 202,251
Customers133 (million)
Profit After Tax 6,619 (million €)
Santander Consumer Finance S.A.
Loans 92 (billion €)
European countries15
Headcount 15,960
Customers 20 (million)
Profit After Tax 1,373 (million €)
Source: Banco Santander and SCF Q4 2017 Institutional Presentation
Q4 2017 | SCB overview
Nordic2017 results
143.6 Bn Gross Outstanding
Loans
4.0 BnProfit Before Tax
Norway
Auto Loans
Unsecured Loans
Profit Before Tax
44.9 Bn
11.4 Bn
1,822 MM
Denmark
Auto Loans
Unsecured Loans
Profit Before Tax
23.4 Bn
5.8 Bn
871 MM
Finland
Auto Loans
Unsecured Loans
Profit Before Tax
22.1 Bn
2.6 Bn
601 MM
Sweden
Auto Loans
Unsecured Loans
Profit Before Tax
19.3 Bn
14.1 Bn
701 MM
39% Norway
20% Denmark
24% Sweden
17% Finland
Source: SCB Annual Report 2017
% of Gross Outstanding Loans
Growing presence in the NordicsWith a doubling of Gross Outstanding Loans in the past 5 years
Source: SCB Annual Reports (2012 – 2017)
59,575(mNOK)
71,891(mNOK)
83,322(mNOK)
116,297(mNOK)
124,625(mNOK)
143,615(mNOK)
59,575
71,891
83,321
116,297124,625
143,615
2012 2013 2014 2015 2016 2017
mNOK
mNOK
mNOK
mNOK
mNOK
mNOK16%
40%7%
15%
21%
Solid profitabilityStrong profitability, especially since the merger with GE Money Bank in 2015
PBT development NOK MM
1 1361 393 1 321
1 942
3250¹
3 995¹
2012 2013 2014 2015 2016 2017
Source: SCB Annual Reports (2012 – 2017)
1) The Group reclassified issued AT1 capital of 2,25 Bn NOK from liabilities to equity in 2017. Interest expenses for 2017 of 169 MM NOK are consequently presented in equity instead of profit and
loss, with related tax impact presented as part of other equity. Comparison figures are changed similarly. Please see principle 6) on page 40 in the 2017 Annual Report for further details.
+23%
23%
CAGR
Strong financial performanceEvidencing well-managed growth
Source: SCB Annual Reports (2012 –2017)
ROA = PBT / ANEA
NII Ratio = Net Interest Income / ANEA
Cost/Income Ratio = OPEX / Gross Margin (OPEX: Total Operating Costs)
4.6 4.5 4.5 4.8
5.24.9
2012 2013 2014 2015 2016 2017
42 42 4448
3740
2012 2013 2014 2015 2016 2017
2.0 2.11.7
1.9
2.73.0
2012 2013 2014 2015 2016 2017
Return on AssetsPer cent
Net Interest Income RatioPer cent
Cost / Income RatioPer cent
Group Balance Sheet summaryRobust balance sheet driven by growth in loans to customers
Q4 2017• Loans to customers: Continuous new business growth reflecting
a high level of activity in all the Nordic countries
• Other financial assets: Reduced liquidity portfolio due to lower
net liquidity flow at year end
• Other assets: Change mainly driven by increased consignment
portfolio and a reclassification of the Danish Single Premium
insurance portfolio
• Debt to credit institutions: Reduced levels of intragroup funding
• Deposits from customers: Increase in deposits in accordance
with funding strategy
• Debt established by issuing securities: Increase issuance in
unsecured bonds
NOK MM Q4 2017 Q4 2016 Δ 17/16 %
Deposits with external institutions 3 291 3 957 -666 -17 %
Loans to customers (net) 140 793 121 698 19 095 16 %
Other financial assets 7 119 11 325 -4 206 -37 %
Other assets 7 896 5 749 2 147 37 %
Total assets 159 100 142 729 16 371 11 %
Debt to credit institutions 31 020 35 019 -3 999 -11 %
Deposits from customers 50 617 40 971 9 646 24 %
Debt established by issuing securities 51 270 42 609 8 661 20 %
Other liabilities 3 260 3 568 -307 -9 %
Subordinated loan capital 1 753 1 297 457 35 %
Total equity 21 179 19 266 1 913 10 %
Total liabilities and equity 159 100 142 729 16 371 11 %
Source: 2017 Annual Report
Group Income Statement summaryP&L showing steady growth with increasing profits
NOK MM FY 2017 FY 2016 Δ 17/16 %
Interest income and similar income 7 850 7 507 344 5 %
Interest expenses and similar expenses -1 243 -1 231 -12 1 %
Net interest income 6 607 6 276 331 5 %
Commissions and fees 442 526 -84 -16 %
Other product and funding related income and cost -60 70 -130 -187 %
Gross margin 6 989 6 872 118 2 %
Salaries and personnel expenses -1 125 -1 161 36 -3 %
Administrative expenses -1 587 -1 303 -284 22 %
Depreciations and amortisation -106 -109 3 -3 %
Net operating income 4 171 4 298 -128 -3 %
Other incomes and costs -63 -70 7 -10 %
Total losses on loans, guarantees etc. -113 -978 865 -88 %
Profit before tax 3 995 3 250 745 23 %
Income tax -941 -808 -132 16 %
Profit after tax 3 054 2 442 613 25 %
Source: 2017 Annual Report
FY 2017• Net Interest Income: Net loans has increased more than net
interest income due to the product mix in the portfolio
• Commissions and fees: Single premium insurance product
closed in Norway
• Salaries personnel and administrative expenses: Increased
according to budget. Closing of defined benefit plan in Norway -
P&L impact 113 MM NOK
• Total losses: Significantly lower loan losses mainly driven by
recoveries from bad debt sales in June (recoveries of approx.
600 MM NOK) and improved portfolio performance
• Reclassification of Additional Tier 1 Capital (Hybrid Capital) with
related interest expense of 169 MM NOK reclassified to equity.
2016 figures are changed similarly
Self-funding is a strategic focusThree pillars approach provides funding flexibility
Self-funding pillars¹
Securitization Unsecured Deposits
8 outstanding
transactions across
Nordics
Represents a low-cost
and stable funding
source
NOK 9.1 billion
outstanding in the
Norwegian bond market
including NOK 900 MM
in Commercial Paper
SEK 4.45 billion
outstanding in the
Swedish bond market
EUR 2.25 billion
outstanding from four
Benchmark
transactions
In Norway deposits are
guaranteed up to NOK
2 MM
In EU countries the
guarantee is up to EUR
100,000
NOK 50.6 billion in total
deposits across
Norway, Sweden and
Denmark
2011 2012 2013 2014 2015 2016 2017
Parent funding Securitization Deposits Unsecured Bonds
22% 28%
50%62%
70% 70% 77%
2011 2012 2013 2014 2015 2016 2017
Funding Composition
Self-funding ratio
Source: SCB 2017 Annual Report
1) Outstanding amounts/transactions as per Q4 2017
23%
28%
38%
11%
Deposits at a glanceConsolidated total balance: NOK 50.6 Bn
42%of total balance
Saving account
28%of total balance
Saving account
Notification product
Term deposits
30%of total balance
Saving account
Notification product
Source: SCB 2017 Annual Report
Deposit guarantees: Norway NOK 2 million | Sweden SEK 950,000 | Denmark EUR 100,000 equivalent
Saving account• Floating interest rates
• Full flexibility
Notification product• Withdrawals 31 days notice
• Floating interest rates
Term deposits• Fixed interest rates
• Balance locked 24 months
• Fees for withdrawals within termed period
Unsecured Senior & Commercial Paper Funding2016 and 2017 summary
New Issuances
Repurchases
Net New funding
Maturities
Total Outstanding¹
Preferred Format
Preferred Tenor
4,050 million
800 million
3,250 million
-
9,101 million
FRN
3 – 5 year
2,000 million
-
2,000 million
2,410 million
4,450 million
FRN
3 – 4 year
500 million
-
500 million
-
2,250 million
FXD
3 year
Source: Bloomberg
1) Outstanding amounts as per Q4 2017
2) Outstanding amounts as per Q4 2016
2017 NOK SEK EUR
New Issuances
Repurchases
Net New funding
Maturities
Total Outstanding²
Preferred Format
Preferred Tenor
2016
3,651 million
401 million
3,250 million
1,104 million
5,851 million
FRN
2 – 3 year
1,450 million
90 million
1,360 million
-
4,860 million
FRN
3 year
1,000 million
-
1,000 million
500 million
1,750 million
FXD
3 year
NOK SEK EUR
Unsecured FundingMaturity profile 2018 – 2022 for Senior Unsecured and Commercial Paper
Total Maturity (EUR MM)
254351
163 158
102
147
102
102
750
1,000
500
2018 2019 2020 2021 2022
EUR
SEK
NOK
750
1,000
500
2018 2019 2020 2021 2022
2,500
3,451
1,600 1,550
2018 2019 2020 2021 2022
1,0001,450
1,000 1,000
2018 2019 2020 2021 2022
Source: Bloomberg as per Q4
FX: SEK/NOK 0.9996 | EUR/NOK 9.8403 | EUR/SEK 9.8438
NOK MM
SEK MM
EUR MM
Strict capital requirements in Norway
1) Portfolio allocation per 31.12.17, show a countercyclical buffer requirement for SCB Group of 1,14% and SCB AS of 1,47%
Ensuring strong capitalization of the bank
~11.3%
Pillar 1 CET1-requirement
2.3%
Pillar 2 CET1-requirement
~13.6%
Minimum CET1 requirement 4.5%
Conservation buffer 2.5%
Countercyclical buffer ~1.3%1
Systemic risk buffer 3%
~11.3%
CET1-ratio requirement for 2018 Capital requirements in Norway
• Strict requirements in Norway with the
inclusion of additional buffer requirements and
a high countercyclical buffer requirement
• Pillar 2 requirement for SCB was set to 2.3%
by the Norwegian FSA, applicable from
January 2018
• Countercyclical buffer requirement is
calculated as a weighted average of the risk
weighted assets in the countries where the
bank operates
• For 2018 the countercyclical buffer for SCB will
be 2% in Norway and Sweden and 0% in
Denmark and Finland¹
Delivering on capital requirementsCET1 ratio of 15.5%
High capital ratios attained through solid earnings
• Dividend of NOK 350 million included in December
capital ratios, to be payed in Q1 2018
• CET1 ratio currently exceeds the requirement by
about 2%
• Adoption of IRB approach in Dec 2015 provided
capital relief of about NOK 1.3 Bn, with one-third of
the portfolio under IRB
• With a current leverage ratio of 12%, the bank is
positioned well above the leverage ratio requirement
of 5%
• IFRS9 is expected to increase provisions by NOK
550 - 650 million from January 2018
• SCB will use the transitional rules for IFRS9 capital
impact when calculating capital ratios going forward
Capital ratios evolution SCB GroupPer cent
9.710.9
15.3 15.1 15.5
13.113.9
17.8 17.4 17.5
13.7 14.1
19.1 18.7 19.1
10.3 10.811.4 11.5 12.0
2013 2014 2015 2016 2017
CET 1 Tier 1 Tier 2 Leverage ratio
Source: 2017 Annual Report
Risk Management Recent developments
• Answer to the BIS initiative
on risk data aggregation
and risk reporting
• Risk data captures all types
of risks with appropriate
accuracy and timeliness
• Complete, precise and
regular data for effective
risk management
• SCB was approved an IRB
bank in 2015
• The operational benefits of
IRB are related to improved
client information
• IRB requires the bank to
increase the accuracy of
models, improve scoring,
processes and routines
and in general the risk
management practice of
the bank
• IFRS9 parameters are
developed leveraging from
the IRB system
• Strong governance in place
including internal validation
and audit
• Engine developed, tested,
in use to face the new
impairment requirements
• Business strategy defined
by risk appetite.
• All risks to be managed
• Forward-looking approach
• Independent risk function
• Robust data management
• Risk culture (greater
synergy and integration of
IRB into management)
Tight risk controls result in stable performance Risk ratio breakdown
NPL Ratio 2012 2013 2014 2015 2016 2017
Denmark 0.70% 0.71% 0.61% 0.98% 1.24% 1.17%
Finland 1.38% 1.04% 0.89% 0.72% 0.71% 0.74%
Norway 2.47% 2.47% 2.36% 3.40% 3.36% 3.50%
Sweden 0.74% 0.48% 0.61% 1.53% 1.22% 1.12%
Nordic 1.76% 1.61% 1.48% 2.05% 2.01% 1.96%
NPL ratio3
Coverage ratio4
Source: Management Figures
1) Auto includes Stock Finance
2) Unsecured includes Direct Loans, Credit Cards and Sales Finance (“Durables”)
3) NPL ratio = Non-performing loans / Gross outstanding loans
4) Coverage Ratio = Loan Loss Reserves (Write Downs) / NPL
1.76 1.61 1.482.05 2.01 1.96
2012 2013 2014 2015 2016 2017
97.7 98.6126.9
107.7 113.696.9
2012 2013 2014 2015 2016 2017
NPL Ratio 2012 2013 2014 2015 2016 2017
Auto1 1.30% 1.20% 1.09% 1.03% 1.10% 1.07%
Unsecured2 6.24% 5.32% 4.77% 4.95% 4.89% 4.92%
Nordic 1.76% 1.61% 1.48% 2.05% 2.01% 1.96%
Coverage Ratio 2012 2013 2014 2015 2016 2017
Auto1 69.2% 75.5% 89.4% 95.4% 90.4% 91.8%
Unsecured2 138.6% 136.4% 148.1% 111.8% 113.1% 100.6%
Nordic 97.7% 98.6% 126.9% 107.7% 113.6% 96.9%
Per cent
Per cent
Key takeaways
Anchored by a global
banking franchise
Sustained market
leader in auto
Building out position in
unsecured space
Robust financial results
Stable credit risk
Banco Santander &
Santander Consumer Finance
January 2018
Subjects
Banco Santander
Santander Consumer Finance
Santander, a leading financial group
Headcount 202,251
Branches (units) 13,697
Shareholders (millions) 4.03
Customers (millions) 133
Total assets (trill. €) 1.44
Key Figures Dec’17
Attributable Profit 2017 (mill. €) 6,619
NOTE: Customers ex-Popular
Underlying Attrib. Profit 2017 (mill. €) 7,516
Purpose and business model
to help people and businesses prosper
to be the best retail and commercial bank that earns the lasting loyalty of our people, customers, shareholders and communities
Predictable,
stable profit
throughout
the cycle
Cash dividend
per share
growth
Sustainable, high
profitability enabling growth
opportunitiesto be exploited
Our purpose
Our aim
Our way of
doing things
Well diversified between Europe and the Americas
(*) Excluding Corporate Centre and Real Estate Activity Spain.
(1) Popular included (3%)
SPAIN
BRAZIL
UK
PORTUGAL
CHILE
POLAND
ARGENTINA
MEXICO
US
SCF
With leading positions in its core marketsLarge market share leads to high(-er) profitability
(1) Spain & Portugal includes Popular, UK: Mortgages (excluding Social Housing), consumer credit and commercial loans (ex-Financial Institutions), SBNA in the states where
the bank operates and SCF in new car loans, including PSA operation & not considering brand’s financial captive (2) Only private banks for Portugal, Brazil and Argentina (3)
Spain public perimeter. SCUSA’s RoTE: 15%, SBNA’s RoTE: 3%. SCF ex-SCUK (4) Peers average (UK Statutory). Source: Companies reports, analyst’s reports and Bloomberg
2017 Key achievements
(1) % change in constant euros
2017 P&L - Breakdown
Excellent quality and strong top-line growth
Underlying PBT +20% YoY and attributable profit +7% YoY
Several one-offs,
mainly related to
integrations and goodwill
2017 Commitments
Note: Customer metrics exclude Popular
(1) % change (constant euros) (2) Total dividends charged to 2017 earnings are subject to the Board and AGM approval (3) Underlying
Subjects
Santander Consumer Finance
Banco Santander
Santander Consumer Finance, European leader
in the consumer finance industry
SCF: Management perimeter (i.e. including SCUK)
Attributable profit without non-recurring (provisions or capital gains) (1) In its main geographies by market share in New Business car loans or durables
PoS partnerts (thousand) >130
Market positions1 Top 3
Loans (bill. €) 100
Deposits (bill. €) 35
European countries 15
Underlying Attrib. Profit 2017 (mill. €) 1,373
Customers (million) 21
Grupo Santander is the
main and unique
shareholder of SCF ...
… and at the same time,
SCF acts as a holding
for its subsidiaries
through a banking license
Operations are mainly
done through point-of-
sales (dealers and
retailers)
Key Figures Dec’17
With recurrent profits through the cycle
SCF: Management perimeter (i.e. including SCUK)
Attributable profit without non-recurring (provisions or capital gains)
Underlying Attributable Profit€ Million
All-time record profit result in 2017
2009 2010 2011 2012 2013 2014 2015 2016 2017
472555
744825
895 908
1 093
1 238
1 373
A differential and proven business model based on
five key levers
High diversification and European leadership
A
Advanced car financing platform and strong foothold in consumer finance
B
Efficiency leadership with proven integration capabilities
C
Best-in-class risk and collections capabilities
Sound funding structure
SCF’s
business model
D
E
Well spread across Europe and well balanced
between car and consumer loansA
SCF: Management perimeter (i.e. including SCUK)
35%
15%14%
10%
8%
8%
4%7%
Loan Breakdown by Country
(2017)
35%
22%
11%
12%
4%
4%
7%5%
Loan Breakdown by Product
(2017)
• Well spread across 15 European countries
• Important foothold in the largest economies
• 73% portfolio in AAA & AA countries
• Car financing represents the biggest share
of the portfolio: 68%
• Consumer lending (durables financing, cash
loans and credit cards): 20%
Outstanding: €100 bn
(Dec’17)
Outstanding: €100 bn
(Dec’17)AutoConsumerOther
Auto-New
Auto-Used
Direct
Mortgages
Car Stock Finance
Durables
Cards
Others
(B2C)
Poland
UK
Nordics
Italy
France
Spain
Germany
Others
Product diversificationHigh geographic diversification
BAdvanced car financing platform and strong foothold
in consumer finance
• TOP retail chain agreements throughout
Europe
• >55,000 POS partners
• >4 MM consumer loans per year
• TOP 3 in core geographies
• Digital direct business platforms
Strong foothold in consumer finance
Consumer Finance: Durable financing, Personal loans and Credit Cards
• Presence in all main European markets
• TOP positions in its geographies,
including the 5 biggest European auto
markets: Germany, France, UK, Italy and
Spain
• >75.000 POS (captive and non-captive)
• The longest European captive
agreements base: more than 100
agreements with 15 manufacturers
Advanced car financing platform
SCF: Management perimeter (i.e. including SCUK)
COne of the best efficiency in the industry, with proven
capabilities to make the most of integrations
SCF: Management perimeter (i.e. including SCUK)
Peers: Crédit Agricole Consumer Credit, BNP Personal Finance. Source: company websites.
• Germany
• Germany
• Austria
• Finland
• Germany
• Benelux
• Norway
• Sweden
• Denmark
• France
• Germany
• Italy
• Spain
• Portugal
• Belgium
• Austria
• Netherlands
• Switzerland
Integrations
2008 2009 2011 20142014
• Spain
2015/2016
43,0
46,7
48,3
43,1
44,7
48,1
3Q16 YTD 3Q17 YTD
Cost-to-Income ratio
D
SCF: Management perimeter (i.e. including SCUK)
Sound risk metrics
KPIs better than sector
average
Strong capacity to balance
adverse economic cycles
across geographies
Low cost of risk, despite
important increase in SCF’s
loan portfolio
Coverage > 100%
6,26%
2,73%
2,34%
jun.07 des.08 jun.10 des.11 jun.13 des.14 jun.16 des.17
0,99%
2,53%
0,31%
0%
1%
2%
3%
dec-07 dec-08 dec- 09 dec- 10 dec-11 dec- 12 dec-13 dec-14 dec-15 dec-16 dec-17
NPL Ratio (%)
LLPs over ANEAS (%)
E
SCF: Management perimeter (i.e. including SCUK)
Funding diversification
SCF’s funding structure (%)
December 2017 High diversification of funding
sources
Capacity to do issuances in all
countries
Diversification of deposits in
many countries
Increasing long-term finance
vs short term
All in all, SCF is a significant contributor to Santander’s
results, representing 13% of the Group’s profit* in 2017
SCF excluding SCUK. Including SCUK, SCF represents 14% of SAN profit*
(*) Percentage over SAN underlying attributable profit in 2017, excluding Corporate Centre and Real Estate Activity Spain (1) Popular included (3%)
Contacts
• Anders Bruun-Olsen, Nordic CFO
• Mobile: +47 95 76 83 28
• E-mail: [email protected]
• Priscilla Halverson, Director Capital Markets
• Mobile: +47 92 06 58 75
• E-mail: [email protected]
• Anders Fuglsang, Senior Manager Capital Markets
• Mobile: +47 95 04 21 28
• E-mail: [email protected]
• Thomas Andrén-Johansen, Senior Manager Capital Markets
• Mobile: +47 91 82 42 44
• E-mail: [email protected]
• Morten Christopher Freberg Holme, Capital Markets Manager
• Mobile: +47 92 82 38 33
• E-mail: [email protected]
• Joachim Joveng Rogne, Capital Markets Analyst
• Mobile: :+47 48 23 86 32
• E-mail: [email protected]
To learn more about Santander visit
Santanderconsumer.no | Santanderconsumer.dk | Santanderconsumer.se | Santanderconsumer.fi
Our purpose is to help people and
businesses prosper.
Our culture is based on the belief that
everything we do should be
Recommended
