H1'22 Financial Results and PagoNxt Highlights
H1'22 Summary
Continued profit momentum, maintaining main P&L trends
Attributable profit
% change
€ mn
€ million
H1'22
H1'21
Euros Constant euros
NII
18,409
16,196
14
7
2,543
Net fee income
5,852
5,169
13
7
2,275
2,351
2,138
2,174
Trading and other income
859
1,330
-35
-40
2,067
Total revenue
25,120
22,695
11
4
1,608
+5% QoQ
Excluding SRF & IPS1
Operating expenses
-11,435
-10,377
10
5
Net operating income
13,685 12,318
11
3
LLPS
-4,735 -3,753
26
18
Q1'21
Q2
Q3
Q4
Q1'22
Q2
Other results
-1,035
-937
10
9
Underlying PBT
7,915
7,628
4
-5
Underlying profit
Underlying att. profit
4,894
4,205
16
7
Attributable profit (Constant € mn)
+1% QoQ
Excluding SRF & IPS¹
Net capital gains and provisions
0
-530
-100
-100
Attributable profit
4,894
3,675
33
21
2,335 2,254 2,296
2,410
2,602
2,292
Santander (1) Q1'21: restructuring costs (net of tax), corresponding mainly to the UK and Portugal.
(2) Contribution as a % of operating areas, excluding the Corporate Centre.
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