Retail Banking Performance Update
Other South America (Constant 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
106
109
117
119
121
124
137
146
+6.6%
451
527
+17.1%
Net fee income
46
52
51
51
41
52
60
57
-5.3%
201
210
+4.5%
Gains (losses) on financial transactions and other
8
14
15
17
14
22
29
31
+6.5%
53
95
+79.5%
Total revenue
160
175
183
187
176
197
226
234
+3.4%
704
832
+18.2%
Operating expenses
(98)
(106)
(111)
(119)
(110)
(131)
(140)
(146)
+3.9%
(434)
(527) +21.4%
Net operating income
62
62
69
72
67
66
66
85
88
+2.6%
270
306
+13.1%
Net loan-loss provisions
(23)
(22)
(13)
(6)
(14)
(28)
(29)
(22)
-26.0%
(63)
(94)
+48.7%
Other gains (losses) and provisions
(1)
(1)
(1)
(4)
(1)
(1)
(3)
(2)
-45.0%
(7)
(7)
+5.0%
Underlying profit before tax
38
46
58
58
51
37
53
64
+21.3%
200
205
+2.2%
Underlying consolidated profit
20
28
38
35
30
17
26
38
+48.4%
121
111
-8.0%
Underlying attributable profit
20
28
38
34
30
18
26
26
39
+52.0%
120
112
-6.8%
Santander
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