Current Report no. 19 (2022)

3 october 2022

Financial Stability Committee decision on the amount of an additional own funds requirement for Santander Bank Polska S.A. by way of the buffer requirement for other systemically important institutions.

With reference to the current report no. 18/2022 dated 21 September 2022, the Management Board of Santander Bank Polska S.A. ("Bank") informs that on 3 October 2022 the Bank received a decision of the Financial Stability Committee ("FSC")" issued on 23 September 2022 at the request of the Polish Financial Supervision Authority ("PFSA")" within the framework of the administrative proceedings conducted by the PFSA regarding the review of the adequacy of the other systemically important institution O-SII buffer imposed on the Bank.

In the aforementioned decision, the FSC expressed a positive opinion on the imposition on the Bank the O-SII buffer, equivalent to 1.00% of the total risk exposure amount calculated in accordance with art. 92 par. 3 of the Regulation of the European Parliament and of the Council (EU) No. 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms, amending Regulation (EU) No. 648/2012.

The Bank will inform in a separate report about the completion of the proceedings and decision regarding the O-SII buffer.

Legal basis:
Article 17(1) MAR - inside information.