anco Santander Central Hispano SA ( STD) Q3 2007 Earnings Call October 25, 2007 ET Alfredo Sáenz Abad - Second Vice Chairman and Chief Executive Officer Good morning. We will divide this brochure of the third quarter results, but first we will trend the group in the first nine months. After that we'll set for something [indiscernible]. We'll explain in more detail the numbers of the different business areas. And then we will explain the current state of the operation topped by ABN AMRO. Lastly, I will sum up. The first idea I want to designate is that this was one another excellent quarter for Santander and the drivers were the same as those in previous quarters. The illustration with the 5 drivers in the slide is exactly the same as the second quarter. There is only one addition and that is the result obtained in a much more complex environment when many of the world big banks are now shoved forth in the proxy. We believe therefore that the group performance, which is good, has even more value in strategic terms. First, the sole growth in earnings in particular the earnings per share, there is sustainability and quality. As I have mentioned in previous presentations, the high quality growth of our earnings is fundamental because is the firms condition for continued growth. Of note is the slant of recurrent revenues throughout the group unit, okay. Our provisions are maintained with the dictations, okay. There has been an increase that is driven basically that chain in the mix of the different business units. There is also an impact of the perimeter due to the integration of Drive. Finally, we would like to trend the soundness of the partnership. I'll start to talk about the main process under main increase in the lines. The growth in profit has been 22% more than in the same period of 2006. The profit is earnings per share is €33.90 for the third quarter. So we maintain the strong growth in profit of the last quarter. The main difference in this quarter is basically Spain. The third quarter in Spain is weaker on a previous quarter. This happens in Portugal, okay. The difference mainly with the second quarter was reduced as happened between the second and third quarter because of seasonal effects. Somebody in Spain of lower collection of dividends as the second quarter is the main period for them. Okay, as we told [ph] profit excluding capital gains exceeded to €2 million for the second time in the group history. As average [ph], our total profit for the first nine months was €6000 million before capital gains, and is still growing at more than 20% including capital gains of €866 m

anco Santander Central
Hispano SA ( STD) Q3 2007
Earnings Call October 25, 2007
ET
Alfredo Sáenz Abad - Second
Vice Chairman and Chief
Executive Officer
Good morning. We will divide
this brochure of the third
quarter results, but first we will
trend the group in the first nine
months. After that we'll set for
something [indiscernible]. We'll
explain in more detail the
numbers of the different
business areas. And then we will
explain the current state of the
operation topped by ABN
AMRO. Lastly, I will sum up.
The first idea I want to designate
is that this was one another
excellent quarter for Santander
and the drivers were the same as
those in previous quarters. The
illustration with the 5 drivers in
the slide is exactly the same as
the second quarter. There is only
one addition and that is the
result obtained in a much more
complex environment when
many of the world big banks are
now shoved forth in the proxy.
We believe therefore that the
group performance, which is
good, has even more value in
strategic terms. First, the sole
growth in earnings in particular
the earnings per share, there is
sustainability and quality. As I
have mentioned in previous
presentations, the high quality
growth of our earnings is
fundamental because is the firms
condition for continued growth.
Of note is the slant of recurrent
revenues throughout the group
unit, okay. Our provisions are
maintained with the dictations,
okay. There has been an
increase that is driven basically
that chain in the mix of the
different business units. There is
also an impact of the perimeter
due to the integration of Drive.
Finally, we would like to trend
the soundness of the
partnership. I'll start to talk
about the main process under
main increase in the lines. The
growth in profit has been 22%
more than in the same period of
2006. The profit is earnings per
share is €33.90 for the third
quarter. So we maintain the
strong growth in profit of the
last quarter.
The main difference in this
quarter is basically Spain. The
third quarter in Spain is weaker
on a previous quarter. This
happens in Portugal, okay. The
difference mainly with the
second quarter was reduced as
happened between the second
and third quarter because of
seasonal effects. Somebody in
Spain of lower collection of
dividends as the second quarter
is the main period for them.
Okay, as we told [ph] profit
excluding capital gains exceeded
to €2 million for the second time
in the group history. As average
[ph], our total profit for the first
nine months was €6000 million
before capital gains, and is still
growing at more than 20%
including capital gains o