Retail Banking Performance Update
PagoNxt (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
+67.4%
1
22
Net fee income
81
127
140
144
157
222
232
270
+16.3%
493
881
+78.6%
Gains (losses) on financial transactions and other
(14)
(4)
14
3
11
19
18
-8.2%
0
50
Total revenue
67
123
144
161
162
236
257
298
+15.8%
495
953
+92.7%
Operating expenses
(136)
(162)
(181)
(194)
(190)
(258)
(282)
(295)
+4.6%
(673)
(1,024)
+52.2%
Net operating income
(69)
(40)
(36)
(33)
(28)
(22)
(24)
3
(178)
(71)
-60.4%
Net loan-loss provisions
(2)
(2)
(2)
(3)
(3)
(9)
(13)
(20)
+57.1%
(10)
(44)
+336.5%
Other gains (losses) and provisions
(2)
(3)
(34)
1
(1)
(3)
(12)
(10)
-22.0%
(38)
(26)
-33.3%
Underlying profit before tax
(73)
(46)
(73)
(35)
(32)
(33)
(50)
(27)
-46.3%
(227)
(141)
-38.0%
Underlying consolidated profit
(72)
(56)
(79)
(44)
(53)
(48)
(64)
(38)
-40.2%
(251) (203) -19.0%
Underlying attributable profit
(72)
(56)
(79)
(47)
(54)
(50)
(69)
(42)
-39.0%
(253) (215)
-15.0%
Santander
88
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