Next, we're going to take a look at each one of these points in more detail. The generation of results. The first aspect to point out are the results, where the group maintained its strong capacity to generate recurring results. Pre-provision profit was EUR 6.223 billion in the quarter and $12.5 billion in the first half, 6% over the first half of 2011 and 10% above that of the second half.In other words, we are keeping up the excellent track record of this item in which we are one of the leading banks in the world. In this slide, we can see the positive performance and we see that the performance is due to 2 drivers: First, the good dynamics of revenue, which were higher than in the first and second half of 2011; and second, cost containment. Costs are flat in the first half compared to the second half of 2011.
Banco Santander, S.A. Management Discusses Q2 2012 Results - Earnings Call Transcript
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