Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000037
Chunk: 49

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 49
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% 1,091 1,240 +13.6% Operating expenses (274) (288) (242) (261) (298) (293) (292) (277) -5.2% (1,066) (1,160) +8.8% Net operating income (36) (23) 40 44 (26) 0 26 80 +207.6% 26 80 +210.4% Net loan-loss provisions (6) (6) (10) (1) (4) (5) (4) (4) +9.4% (24) (16) -30.9% Other gains (losses) and provisions (2) (10) (6) (22) (2) (256) (15) (23) +55.2% (40) (296) +639.1% Profit before tax (44) (38) 24 20 (32) (261) 7 53 +605.1% (38) (233) +513.0% Consolidated profit (58) (51) 1 18 (40) (267) (14) 31 — (90) (290) +221.4% Attributable profit (56) (51) (2) 18 (42) (267) (19) 29 — (91) (299) +228.8% 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.

55 Cards (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 573 589 625 544 644 613 561 659 +17.4% 2,331 2,478 +6.3% Net fee income 551 475 517 456 452 462 457 464 +1