Current Report no. 2 (2021)
25 january 2021
Raising provisions for legal risk attached to the FX mortgage loans portfolio in Santander Bank Polska Group.
The Management Board of Santander Bank Polska S.A. ("Bank") hereby informs that in connection with the decisions made by 25 January 2021 by the Bank and Santander Consumer Bank S.A ("SCB"), a subsidiary of the Bank, the impact of provisions for the legal risk attached to the FX mortgage loans portfolio on the consolidated pre-tax profit for Q4 2020 will be PLN 209.3m, of which PLN 173.0m for the Bank and PLN 36.3m for SCB.
Additional detailed information on the said provisions will be disclosed in the annual report for 2020.
Legal basis:
Article 17(1) of the Market Abuse Regulation.