Current Report no. 1 (2025)

Impact of the change in the estimated costs of legal risk attached to the FX mortgage loans portfolio on the financial performance of Santander Bank Polska Group for Q4 2024.

The Management Board of Santander Bank Polska S.A. ("Bank") hereby advises that as a result of the decision taken by the Bank on 3 January 2025 the impact of the change in the estimated costs of legal risk attached to the FX mortgage loans portfolio on the consolidated pre-tax profit for Q4 2024 will be PLN 119.4m.

In this regard, and in relation to the information provided by current report no. 41/2024 on 23 December 2024, as a result of decisions taken on 23 December 2024 and on 3 January 2025 the cumulative impact of the change in the estimated costs of legal risk attached to the FX mortgage loans portfolio on the consolidated pre-tax profit for Q4 2024 will be PLN 1 174m, of which PLN 934.8m for the Bank and PLN 239.2m for Santander Consumer Bank S.A., a subsidiary of the Bank.

Additional information in this respect will be disclosed in the financial report for 2024.

Legal basis:
Article 17(1) of the Market Abuse Regulation.

13:11, 3 Jan 2025