Current Report no. 17 (2022)

Impact of the Act on crowdfunding for businesses and support for borrowers on the financial performance of Santander Bank Polska Group (with regard to the so-called payment holidays).

In relation to the fact that on 14 July 2022 the President of Poland signed the Act of 7 July 2022 on crowdfunding for businesses and support for borrowers ("Payment Holidays Act"), the Management Board of Santander Bank Polska S.A. ("Bank") hereby informs that the impact of payment holidays solutions introduced in the execution of this act on III quarter 2022 gross financial results of the Bank's Group is estimated at approx. PLN 1.358bn (PLN 1.346bn on the Bank's III quarter 2022 gross financial results), assuming that 50% of eligible customers will avail of this solution.

The actual impact of payment holidays costs on the financial results of the Bank's Group will depend, among the others, on: the number of customers who will benefit from the solution, the number of installments suspended by each of these customers and the moment they start to benefit from the "payment holidays".

Legal basis:
Article 17(1) of the MAR.