H1'22 Financial Results and PagoNxt Highlights
H1'22 Summary
Revenue up boosted by NII and fees, partly offset by lower trading gains
and other income
Revenue breakdown
Constant € mn
12,546
12,574
11,971
Revenue
Total revenue
Constant € bn
25.1
24.1
0.9
Other income
1.4
NII
5.9
Fees
5.5
8,722
9,384
9,025
2,761
2,865
2,987
Fees
Trading
393
350
NII
18.4
256
17.2
gains
H121
H1'22
232
Other
income
262
-146
Q1'21
Q2
Q3
Q4
Q1'22
Q2
.
In Q2, total revenue increased 4% excluding the SRF & IPS contributions
⚫ NII and net fee income (97% of total income) increased QoQ and YoY supported by volumes, greater interest rates and activity
.
In Q2, lower trading gains due to FX hedge and other income affected by the SRF & IPS contributions and lower US lease income
Santander (1) SRF and IPS contributions amounted to €402mn and €88mn, respectively in Q2'22.
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