Current Report no. 22 (2021)
2 july 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 on 2 July 2021 by the Bank and by 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 Q2 2021 will be PLN 518,4m, of which PLN 423m for the Bank and PLN 95,4m for SCB.
Additional detailed information on the said provisions will be disclosed in the half-yearly financial report for the H1 2021.
Legal basis:
Article 17(1) of the Market Abuse Regulation.