Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000037
Chunk: 45

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 45
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 452 390 -13.8% 1,448 1,650 +13.9% 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.

51 Payments (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 582 611 649 582 675 645 596 694 +16.4% 2,424 2,609 +7.6% Net fee income 770 703 772 708 676 695 698 725 +3.8% 2,952 2,793 -5.4% Gains (losses) on financial transactions and other (36) (17) (44) 19 2 8 13 79 +505.6% (78) 102 — Total revenue 1,316 1,297 1,376 1,309 1,353 1,347 1,307 1,497 +14.6% 5,298 5,505 +3.9% Operating expenses (589) (623) (581) (550) (650) (615) (588) (621) +5.6% (2,344) (2,475) +5.6% Net operating income 726 674 795 759 703 732 719 876 +21.9% 2,954 3,030 +2.6% Net loan-loss provisions (471) (397) (435) (363) (418) (434) (414) (448) +8.2% (1,666) (1,714) +2.9% Other gains (losses) and provisions (14) (21) (18) (31) (20) (257) (32) (37) +15.7% (84