Investor Presentaiton
Revenue up boosted by NII and fees, partly offset by lower trading gains and other income
Constant € bn
Total revenue
Revenue breakdown
Constant € mn
12,546
12,574
11,971
Revenue
25.1
24.1
9,384
9,025
0.9
8,722
Other income
1.4
NII
5.9
Fees
5.5
2,761
2,865
2,987
Fees
Trading
393
350
NII
18.4
256
17.2
gains
H1'21
H1'22
232
Other
income
262
-146
Q1'21
Q2
Q3
Q4
Q1'22
Q2
In Q2, total revenue increased 4% excluding the SRF & IPS contributions
NII and net fee income (97% of total income) increased QoQ and YoY supported by volumes, greater interest rates and activity
In Q2, lower trading gains due to FX hedge and other income affected by the SRF & IPS contributions and lower US lease income
Santander (1) SRF and IPS contributions amounted to €402mn and €88mn, respectively in Q2'22.
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