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Santander Bank Polska says higher costs of credit vacations to hit Q4

Published 29/11/2022, 17:45
© Reuters. FILE PHOTO: The Polish unit of Spain's Santander (Santander Bank Polska) logo is pictured in Warsaw, Poland, May 10, 2021. REUTERS/Kacper Pempel
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GDANSK (Reuters) - Santander Bank Polska said on Tuesday it was increasing the estimated costs of credit vacations based on current data including customer participation.

© Reuters. FILE PHOTO: The Polish unit of Spain's Santander (Santander Bank Polska) logo is pictured in Warsaw, Poland, May 10, 2021. REUTERS/Kacper Pempel

The Polish arm of Spain's Banco Santander (BME:SAN) now assumes about 61% of qualified customers will make use of the scheme and sees the resulting costs lowering its fourth quarter gross financial result by about 159 million zlotys ($35.11 million).

($1 = 4.5288 zlotys)

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