2022 Earnings Presentation
Income statement
Constant € million¹
Variation
2022
2021
Amount
%
Net interest income
8,901
9,248
(346)
(3.7)
Net fee income
3,296
3,206
89
2.8
Gains (losses) on financial transactions
736
442
295
66.7
Other operating income
(23)
(111)
88
(79.4)
Total income
12,910
12,785
126
1.0
Operating expenses
(4,180)
(3,803)
(377)
9.9
Net operating income
8,730
8,981
(251)
(2.8)
Net loan-loss provisions
(4,417)
(3,191)
(1,226)
38.4
Other gains (losses) and provisions
(259)
(372)
113
(30.4)
Underlying profit before tax
4,055
5,419
(1,364)
(25.2)
Tax on profit
(1,232)
(2,382)
1,150
(48.3)
Underlying profit from continuing operations
2,822
3,036
(214)
(7.0)
Net profit from discontinued operations
Underlying consolidated profit
2,822
3,036
(214)
(7.0)
Non-controlling interests
(278)
(310)
31
(10.1)
Underlying attributable profit to the parent
2,544
2,727
(183)
(6.7)
Santander (1) Average exchange rate as at 12M'22.
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