Current Report no. 16 (2021)
30 march 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 30 March 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 Q1 2021 will be PLN 194.6m, of which PLN 155.2m for the Bank and PLN 39.4m for SCB.
Additional detailed information on the said provisions will be disclosed in the financial report for 1Q 2021.
Legal basis:
Article 17(1) of the Market Abuse Regulation.