Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000037
Chunk: 27

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 27
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,845 8,087 8,090 8,438 +4.3% 29,244 32,461 +11.0% Operating expenses (3,096) (3,192) (3,264) (3,007) (3,222) (3,065) (3,160) (3,429) +8.5% (12,558) (12,877) +2.5% Net operating income 3,824 4,144 4,522 4,196 4,623 5,022 4,930 5,009 +1.6% 16,686 19,584 +17.4% Net loan-loss provisions (1,490) (1,544) (1,622) (1,652) (1,455) (1,523) (1,414) (1,453) +2.8% (6,308) (5,845) -7.3% Other gains (losses) and provisions (571) (693) (501) (610) (831) (724) (494) (816) +65.1% (2,375) (2,865) +20.7% Profit before tax 1,763 1,908 2,399 1,934 2,337 2,775 3,022 2,740 -9.3% 8,003 10,874 +35.9% Consolidated profit 1,306 1,318 1,812 1,604 1,571 1,919 2,200 2,093 -4.9% 6,040 7,783 +28.9% Attributable profit 1,210 1,221 1,694 1,513 1,478 1,799 2,026 1,961 -3.2% 5,637 7,263 +28.8% 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.

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