Q1'22 Financial Update
Income statement
Santander
GBP million
Variation
Q1'22
Q1'21
Amount
%
Net interest income
997
864
134
15.5
Net fee income
77
105
(28)
(26.6)
Gains (losses) on financial transactions
5
(11)
16
Other operating income
1
2
(1)
(61.0)
Total income
1,080
960
120
12.5
Operating expenses
(562)
(569)
8
(1.3)
Net operating income
518
391
128
32.6
Net loan-loss provisions
(43)
(16)
(27)
169.7
Other gains (losses) and provisions
(55)
(27)
(28)
103.4
Underlying profit before tax
420
348
73
20.9
Tax on profit
(106)
(98)
(8)
8.2
Underlying profit from continuing operations
314
249
65
25.9
Net profit from discontinued operations
Underlying consolidated profit
314
249
65
25.9
Non-controlling interests
Underlying attributable profit to the parent
314
249
65
25.9
25
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