Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 22

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 22
---
 also impacted by the aforementioned provisions in Poland and in the UK

42 DCB Europe Consumer US Note: Dec-24 data and YoY changes (loans, deposits and mutual funds in constant euros). Loans Deposits Mutual Funds Yield on loans Cost of deposits Efficiency Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 1,191 1.6 4,651 1.2 1.1 Net fee income 97 25.7 303 28.1 28.1 Total revenue 1,361 3.3 5,297 -1.2 -1.3 Operating expenses -542 0.1 -2,159 -5.6 -5.7 Net operating income 820 5.5 3,138 2.0 2.0 LLPs -677 2.7 -2,466 -0.9 -1.0 Profit before tax 111 24.6 551 5.0 4.9 (*) € mn and % change in constant euros. (1) % change in current euros. Loans Deposits Mutual Funds Yield on loans Cost of deposits Efficiency Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 1,105 3.4 4,361 3.8 4.0 Net fee income 222 -3.1 902 13.1 13.4 Total revenue 1,427 2.0 5,679 2.9 3.2 Operating expenses -629 -4.3 -2,604 -0.7 -0.5 Net operating income 799 7.6 3,075 6.2 6.6 LLPs -345 23.6 -1,209 51.9 52.6 Profit before tax -28 — 1,131 -44.1 -44.0 (*) € mn and % change in constant euros. (1) % change in current euros. €56bn -4% €48bn +2% €4bn +14% 11.49% +82bps 2.10% +89bps 40.8% -1.9pp €140bn +4% €81bn +18% €5bn +24% 5.74% +63bps