Investor Presentaiton
... driving double-digit profit growth, and reflecting our geographic and business
diversification and connectivity across the Group
% change
Contribution
Constant
€ million
9M'22
9M'21
Euros
euros
to Group's
underlying profit
Underlying
attributable profit
ROTE²
(€ mn)
NII
28,460 24,654
15
8
Net fee income
8,867
7,810
14
7
2,837
12.5%
32%
Europe
+32%
+2.9 pp
Trading and other income
1,302
2,162
-40
-45
Total revenue
38,629
34,626
12
5
North
2,271
21.8%
26%
Operating expenses
-17,595 -15,778
12
6
America
-9%
-2.6 pp
Net operating income
21,034 18,848
12
3
South
2,884
26.6%
LLPS
-7,491 -5,973
25
17
32%
America
+6%
+0.6 pp
Other results
-1,782 -1,443
23
22
Underlying PBT
11,761
11,432
3
-6
Digital
908
13.4%
10%
Underlying att. profit
7,316
6,379
15
5
Consumer
Bank
+11%
+1.3 pp
Net capital gains and provisions'
0
-530
-100
-100
Attributable profit
7,316
5,849
25
14
47
Santander (1) 9M'21: restructuring costs (net of tax), corresponding mainly to the UK and Portugal.
(2) Adjusted ROTES: adjusted based on Group's deployed capital calculated as contribution of RWAs at 12%. Using tangible equity, ROTE is 9.1% for Europe, 11.5% for North America,
20.0% for South America and 12.7% for DCB.View entire presentation