Retail Banking Performance Update
PagoNxt (Constant EUR mn)
Change
Change
Q1'21 Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22 Q4'22/Q3'22
2021
2022
2022/2021
Net interest income
(1)
(1)
(0)
3
2
3
6
11
+68.2%
1
22
Net fee income
93
144
154
161
168
219
227
267
+17.5%
552
881
+59.7%
Gains (losses) on financial transactions and other
(14)
(3)
5
14
3
11
19
17
-8.8%
2
50
Total revenue
78
139
159
179
173
232
253
295
+16.8%
554
953
+72.0%
Operating expenses
(144)
(171)
(189)
(204)
(196)
(255)
(279)
(294)
+5.5%
(708) (1,024)
+44.5%
Net operating income
(66)
(32)
(30)
(26)
(23)
(23)
(26)
1
(154)
(71)
-54.2%
Net loan-loss provisions
(3)
(3)
(3)
(4)
(3)
(9)
(13)
(20)
+57.7%
(12)
(44)
+272.8%
Other gains (losses) and provisions
(2)
(3)
(35)
1
(1)
(3)
(12)
(10)
-22.5%
(40)
(26)
-35.0%
Underlying profit before tax
Underlying consolidated profit
(71)
Underlying attributable profit
(71)
EEE
(71)
(38)
(68)
(29)
(27)
(34)
(51)
(29)
-43.9%
(206)
(141)
-31.6%
(51)
(76)
(39)
(50)
(48)
(65)
(40)
-38.4%
(238)
(203)
-14.5%
(51)
(76)
(42)
(51)
(50)
(70)
(44)
-37.3%
(239) (215) -10.3%
Santander
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