This statement provides a summary of the unaudited business and financial trends for the 12 months ended 31 December 2012. Unless otherwise stated, references to Santander UK and other general statements refer to the business results and flow analysis of Santander UK compared to the same period in 2011. Balance sheet references are to the position as at 31 December 2012, unless otherwise stated.

The results of Santander for the 12 months ended 31 December 2012 are also released and can be found at The results of Santander UK are included within Santander's financial statements on a Santander group reporting basis. The results of Santander UK differ to the results of the United Kingdom on a Santander group reporting basis, due to different accounting treatment, consolidation adjustments and the treatment of the Banco Santander London Branch. The Banco Santander London Branch is not part of the Santander UK legal entity but is included in the Banco Santander results for the United Kingdom.

Quarterly Management Statement Q4 2012 (147 KB)