2022 Highlights and ESG Progress
Record profit boosted by 12% revenue growth...
% change
Attributable profit
Constant
€ million
2022
2021
Euros
€ mn
euros
NII
38,619
33,370
16
9
Net fee income
11,790
10,502
12
7
2,543
2,275
2,351 2,422
2,289
Trading and other income
1,745
2,532
-31
-37
2,138
2,174
2,067
Total revenue
52,154 46,404
12
6
1,608
Q4 charges DGF & Bank
Levy (c.€300mn after tax)
Operating expenses
-23,903
-21,415
12
7
Net operating income
28,251
24,989
13
5
LLPs
-10,509
-7,436
41
31
Other results
-2,492
-2,293
9
8
Q1'21 Q2 Q3 Q4 Q1'22
Underlying profit
Q2 Q3
===
Q4
Underlying att. profit
9,605
8,654
11
2
Net capital gains and provisions'
0
-530
-100
-100
Attributable profit (Constant € mn)
1,831 2,285 2,314 2,424 2,627
2,305 2,357 2,315
Attributable profit
9,605
8,124
18
8
Santander (1) 2021: restructuring costs (net of tax), corresponding mainly to the UK and Portugal.
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