Current Report no. 28 (2022)

Pillar 2 (P2G) add-on imposed by the Polish Financial Supervision Authority.

The Management Board of Santander Bank Polska S.A. ("Bank") hereby advises that on 27 December 2022 it received a letter from the Polish Financial Supervision Authority ("KNF") with a recommendation on mitigating the risk of the Bank's operations by maintaining own funds to cover a capital add-on in order to absorb potential losses that may arise from stress conditions; the add-on should be maintained at 0.26 p.p. at the non-consolidated level and 0.23 p.p. at the consolidated level, above the total capital ratio referred to in Article 92 (1)(c) of Resolution no. 575/2013, increased by the additional own funds requirement referred to in Article 138 (2)(2) of the Banking Law Act and the combined buffer requirement referred to in Article 55 (4) of the Macroprudential Supervision Act. The add-on should consist in full of Common Equity Tier 1 capital.

Legal basis:
Article 17(1) of Market Abuse Regulation - inside information.

14:06 27 Dec 2022