Q1 2023 Financial Report
Underlying income statement
Constant € million¹
Variation
Q1'23
Q1'22
Amount
%
Net interest income
586
400
186
46.6
Net fee income
145
135
10
7.1
Gains (losses) on financial transactions
26
13
13
105.9
Other operating income
(28)
(47)
19
(39.7)
Total income
729
501
228
45.5
Operating expenses
(197)
(163)
(35)
21.3
Net operating income
531
338
193
57.1
Net loan-loss provisions
(151)
(62)
(89)
142.7
Other gains (losses) and provisions
(44)
(45)
1
(1.2)
Profit before tax
336
231
105
45.3
Tax on profit
(88)
(67)
(21)
31.1
Profit from continuing operations
247
164
84
51.1
Net profit from discontinued operations
Consolidated profit
247
164
84
51.1
Non-controlling interests
(81)
(54)
(27)
50.5
Profit attributable to the parent
167
110
57
51.4
Santander (1) Average exchange rate as at 3M'23.
24
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