Q1'21 Earnings Presentation
Appendix
Quarterly income statement
Constant EUR million¹
Q1'20
Q2'20
Q3'20
Q4'20
Q1'21
Net interest income
713
681
706
707
667
Net fee income
188
192
199
187
204
Gains (losses) on financial transactions
19
87
24
2
28
Other operating income
(21)
(19)
(32)
(6)
(34)
Total income
899
942
897
890
865
Operating expenses
(371)
(357)
(394)
(421)
(373)
Net operating income
529
585
503
469
492
Net loan-loss provisions
(244)
(299)
(218)
(212)
(228)
Other gains (losses) and provisions
(7)
(7)
(4)
(19)
(5)
Underlying profit before tax
278
279
281
238
259
Tax on profit
(66)
(69)
(70)
(53)
(63)
Underlying profit from continuing operations
212
210
211
185
196
Net profit from discontinued operations
Underlying consolidated profit
212
210
211
185
196
Non-controlling interests
(15)
(16)
(16)
(14)
(14)
Underlying attributable profit to the parent
196
194
195
171
182
Santander (1) Average exchange rate as at Q1'21
26
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