Retail Banking Performance Update
Other Europe (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
74
81
79
64
75
80
75
81
+7.8%
298
312
+4.5%
Net fee income
46
42
42
47
58
70
78
67
-14.5%
177
273
+54.1%
Gains (losses) on financial transactions and other
10
(3)
0
(6)
22
9
7
(13)
1
25
Total revenue
130
120
121
105
155
159
160
135
-15.8%
476
609
+27.8%
Operating expenses
(107)
(113)
(131)
(123)
(128)
(158)
(177)
(183)
+3.4%
(474)
(646)
+36.4%
Net operating income
23
7
(10)
(18)
26
1
(17)
(48)
+188.0%
2
(38)
Net loan-loss provisions
(3)
(1)
2
21
(1)
(1)
3
(7)
19
(6)
Other gains (losses) and provisions
(2)
1
0
(26)
(1)
1
(2) (15)
(27)
(18)
-32.7%
Underlying profit before tax
18
7
(8)
(22)
24
1
(16)
(71)
+343.1%
(5)
(61)
Underlying consolidated profit
11
6
5
(31)
19
0
(12)
(50)
+310.6%
(9)
(43)
+375.4%
Underlying attributable profit
14
3
5
(31)
19
1
(14)
(48)
+255.9%
(10)
(42) +346.4%
Santander
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