Current Report no. 16 (2023)

Impact of the change in the estimated costs arising from legal risk attached to the FX mortgage loans portfolio on the financial performance of Santander Bank Polska Group for Q1 2023.

The Management Board of Santander Bank Polska S.A. ("Bank") hereby advises that the impact of the decisions made on 30 March 2023 by the Bank and by Santander Consumer Bank S.A ("SCB"), a subsidiary of the Bank, on changing the estimated costs arising from legal risk attached to the FX mortgage loans portfolio on the consolidated pre-tax profit for Q1 2023 will be PLN 287m, of which PLN 241m for the Bank and PLN 46m for SCB.

Detailed information in this respect will be disclosed in the financial report for the Q1 2023.

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

16:31, 30 Mar 2023