Income statement for the period January 1 to December 31, 2024

	Note no.	2024 € million	2023 € million
Net interest income	7	24,316	24,107
Interest income and current income and expense		44,006	38,399
Interest expense		–19,691	–14,291
Net fee and commission income	8	9,481	8,829
Fee and commission income		11,100	10,407
Fee and commission expenses		–1,619	–1,578
Gains and losses on trading activities	9	–643	19
Gains and losses on investments	10	1,058	1,338
Loss allowances	11	–4,873	–1,809
Other gains and losses on valuation of financial instruments	12	150	227
Insurance service result	13	1,835	1,607¹
Gains and losses on investments held by insurance companies and other insurance company gains and losses	14	5,094	2,982
Insurance finance income or expenses	15	–5,351	–3,297¹
Administrative expenses	16	–20,815	–20,370
Other net operating income	17	505	742
Profit before taxes		10,758	14,375
Income taxes	18	–3,222	–3,571
Net profit		7,535	10,805
Attributable to:
Shareholders of the Cooperative Financial Network		7,375	10,691
Non-controlling interests		161	114

¹ Amount restated