Annual Report of Santander Bank Polska S.A. for 2024
Annual Report of Santander Bank Polska Group for 2024
Warsaw, 24 February 2025
THE SUPERVISORY BOARD’S ASSESSMENT OF THE CONSOLIDATED FINANCIAL
STATEMENTS OF SANTANDER BANK POLSKA GROUP FOR 2024, SEPARATE
FINANCIAL STATEMENTS OF SANTANDER BANK POLSKA S.A. FOR 2024 AND THE
MANAGEMENT BOARD REPORT ON SANTANDER BANK POLSKA GROUP
PERFORMANCE IN 2024 (TOGETHER WITH THE MANAGEMENT BOARD REPORT ON
SANTANDER BANK POLSKA S.A. PERFORMANCE IN 2024) AND THE JUSTIFICATION
FOR THE ASSESSMENT
pursuant to Article 382 § 3 in relation to Article 395 § 2(1) of the Commercial Companies Code Act of 15
September 2000 and § 70(1)(14) and § 71(1)(12) of the Finance Minister’s Regulation of 29 March 2018 on
current and financial reports published by the issuers of securities and the rules of equal treatment of the
information required by the laws of a non-member state
1.
Having thoroughly reviewed the Separate Financial Statements of Santander Bank Polska S.A. for 2024 and the
Consolidated Financial Statements of Santander Bank Polska Group for 2024, and (i) having read the draft
auditor’s opinion of the independent statutory auditor on the standalone and consolidated statements
discussed at the Supervisory Board meeting held on 24 February 2025; and (ii) taking into account the Audit
and Compliance Committee’s recommendation, the Supervisory Board of Santander Bank Polska S.A.
positively assesses the financial statements in terms of their conformity with the books of account,
documents and factual circumstances.
Furthermore, the Supervisory Board states that the financial statements have been prepared within the
regulatory time frame and in accordance with the International Financial Reporting Standards as adopted by
the European Union as at 31 December 2024, and with regard to matters not regulated by the above
standards, the financial statements have been prepared in accordance with the Accounting Act of 29
September 1994 and its executive acts as well as the requirements binding for issuers of securities admitted
to trading on a regulated market (or for which a request for admission to trading has been filed). The
accuracy of the financial statements as to their conformity with the books of account, documents and
factual circumstances does not raise any reservations, whilst the draft opinions of the independent
statutory auditor with regard to standalone and consolidated financial statements are unqualified based on
the information provided at the said meeting.
In accordance with the above-mentioned draft opinions of the independent statutory auditor, both
standalone and consolidated financial statements of Santander Bank Polska S.A. give a true and fair view of
the assets and financial position of the Bank and the Group as at 31 December 2024, the standalone and
consolidated financial results as well as the cash flows for the accounting year of 2024 in line with the
applicable International Financial Reporting Standards and the adopted accounting principles (policy). They
comply in terms of form and substance with the applicable laws and the Bank’s Statutes.
2
Having thoroughly reviewed the Management Board Report on Santander Bank Polska Group Performance in
2024 (including the Management Board Report on Santander Bank Polska S.A. Performance), the Supervisory
Annual Report of Santander Bank Polska S.A. for 2024
Annual Report of Santander Bank Polska Group for 2024
Board of Santander Bank Polska S.A. positively assesses the report in terms of its conformity with the
books of account, documents and factual circumstances. The report gives an accurate view of the
development and achievements as well as assets, financial position and financial performance of the Bank
and Santander Bank Polska Group.
Furthermore, the Supervisory Board states that the report has been prepared in accordance with the
Accounting Act of 29 September 1994 and the Finance Minister’s Regulation of 29 March 2018 on current
and financial reports published by the issuers of securities and the rules of equal treatment of the
information required by the laws of a non-member state.
Pursuant to the draft opinions of the independent statutory auditor presented and discussed at the
Supervisory Board meeting held on 24 February 2025, the Management Board report is consistent with the
information presented in the Bank’s and the Group’s financial statements and does not contain any material
misstatements. The Statement on Corporate Governance in 2024 included in the report contains all the
required elements, while the Consolidated Sustainability Statement of Santander Bank Polska Group for 2024 is
an independent part of the Management Board’s report.
Chairman of the Supervisory Board
Antonio Escámez Torres
(signed with a qualified electronic signature)