Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000037
Chunk: 81

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 81
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% (978) (1,369) +40.1% Profit before tax 1,180 1,036 1,208 865 1,234 1,439 1,550 1,770 +14.2% 4,289 5,993 +39.7% Consolidated profit 846 730 893 771 842 987 1,154 1,393 +20.7% 3,240 4,376 +35.1% Attributable profit 749 613 814 656 753 860 1,009 1,240 +22.9% 2,832 3,863 +36.4% 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.

85 Brazil (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 2,105 2,180 2,327 2,504 2,630 2,605 2,474 2,413 -2.5% 9,116 10,121 +11.0% Net fee income 817 858 902 885 846 888 833 846 +1.6% 3,462 3,414 -1.4% Gains (losses) on financial transactions and other 135 185 107 98 30 (16) (24) 11 — 526 1 -99.8% Total revenue 3,057 3,224 3,336 3,487 3,507 3,477 3,282 3,270 -0.4% 13,104 13,536 +3.3% Operating expenses (1,080) (1,127) (1,138) (1,184) (1,156) (1,