Current Report no. 29 (2022)

30 december 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) - update.

In reference to current reports: no. 17/2022 of 15 July 2022 and 23/2022 of 29 November 2022 and the Act on crowdfunding for business and support for borrowers of 7 July 2022 (Payment Holidays Act), the Management Board of Santander Bank Polska S.A. (Bank) hereby informs that it has increased the estimated financial impact of payment holiday solutions on its financial performance. The change of the estimated impact results from the need to adjust the adopted assumptions to the current data held by the Bank indicating ca. 63.8% hit rate for eligible customers availing of the solution. The additional impact on the Bank's financial performance in the fourth quarter of 2022 will be ca. PLN 33m.

The actual impact of costs arising from payment holiday solutions on the SBP Group's financial performance will depend on factors such as the number of customers who will use the solution, the number of instalments deferred by each of these customers, the time they start applying the payment deferral and interest rate levels. Additional detailed information on the payment holidays will be disclosed in the annual report for 2022.