Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000037
Chunk: 80

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 80
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 (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.

84 South America (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 / Q3'24 2023 2024 2024 / 2023 Net interest income 3,021 3,102 3,134 2,970 3,988 3,547 3,643 4,388 +20.5% 12,227 15,566 +27.3% Net fee income 1,111 1,143 1,174 945 1,118 1,140 1,200 1,407 +17.3% 4,373 4,864 +11.2% Gains (losses) on financial transactions and other 59 63 (36) 88 (483) 77 0 (241) — 174 (647) — Total revenue 4,191 4,308 4,272 4,003 4,623 4,764 4,843 5,554 +14.7% 16,774 19,783 +17.9% Operating expenses (1,643) (1,689) (1,673) (1,476) (1,742) (1,591) (1,667) (1,943) +16.5% (6,482) (6,943) +7.1% Net operating income 2,547 2,619 2,598 2,527 2,881 3,173 3,176 3,611 +13.7% 10,292 12,841 +24.8% Net loan-loss provisions (1,172) (1,215) (1,196) (1,442) (1,291) (1,326) (1,380) (1,481) +7.3% (5,025) (5,478) +9.0% Other gains (losses) and provisions (195) (367) (195) (220) (355) (407) (246) (360) +46.5