Santander kept up its business growth across almost all its markets

Gross loans and advances increased year-on-year (excluding the exchange rate impact) in nine of the ten core units, especially in developing countries which grew 11%. Growth for the whole Group was 2%, affected by the Blackstone operation, reducing gross real estate loans from Banco Popular.
Customer funds rose 6% year-on-year (excluding the exchange rate impact), with growth in eight of the ten core units. Rises in demand and time deposits and mutual funds.

Europe

NORTH AMERICA

	% Lending	% Funds
USA	9%	7%
MEXICO	3%	4%

% over operating areas. June 2018.

Jun'18 versus Jun'17. % CHANGE IN CONSTANT EUROS

Gross loans and advances to customers excluding reverse repos*.

Customer deposits excluding repos + mutual funds.

*Excluding the effect of Blackstone transaction: +3%.

MILLION EUROS

		% change
	H1'18	EUR	Constant EUR
Gross loans and advances to customers*	862,885	(0.9)	1.8
Customer deposits**	731,238	2.4	5.3
Mutual funds	163,790	1.4	9.1
Customer funds	895,028	2.3	6.0

*Excluding reverse repos.
**Excluding repos.

The commercial transformation is driving growth in loyal and digital customers (benefited from the incorporation of Banco Popular’s customers):

The number of loyal customers continued to rise and was 2.8 million higher than in June 2017 (+17%), with individuals as well as companies rising. The strategy remains focused on loyalty, which is reflected in increased commercial activity.
The number of digital customers rose by 5.3 million (+23%) in the last 12 months, underscoring the strength of our multichannel strategy. Digital customer penetration and the use of mobile devices is growing notably.