Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000037
Chunk: 37

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 37
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6% Attributable profit 485 541 418 451 461 603 443 156 -64.7% 1,895 1,663 -12.3% Note: Variations in constant euros include Argentina in current euros to mitigate distortions from a hyperinflationary economy. Additionally, from Q2 2024 onwards for the Argentine peso, we apply an alternative exchange rate that better reflects the evolution of inflation (we continue to apply the official ARS exchange rate to all prior periods). For further information, see the 'Alternative performance measures' section in the appendix to the quarterly report.

42 Digital Consumer Bank Europe (EUR mn) Change Change Underlying income statement Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q4'24 / Q3'24 2023 2024 2024 / 2023 Net interest income 1,029 1,011 1,069 1,083 1,095 1,092 1,069 1,105 +3.4% 4,193 4,361 +4.0% Net fee income 191 203 210 192 220 231 229 222 -3.1% 796 902 +13.4% Total revenue 1,343 1,315 1,411 1,433 1,410 1,444 1,398 1,427 +2.1% 5,502 5,679 +3.2% Operating expenses (659) (655) (652) (652) (665) (655) (656) (629) -4.2% (2,618) (2,604) -0.5% Net loan-loss provisions (193) (222) (225) (152) (276) (308) (279) (345) +23.6% (792) (1,209) +52.6% Profit before tax 447 481 509 582 401 356 402 (28) — 2,019 1,131 -44.0%

43 Digital Consumer Bank Europe (Constant EUR mn) Change Change Underlying income statement Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q4'24