Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000138
Chunk: 38

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 38
---
 model which considers different possible outcomes and regularly monitor court rulings on foreign currency loans to verify changes in case law practice, including the impact of the aforementioned Supreme Court resolution on this case law. The Bank is reaching settlements with customers who have taken legal action as well as with those who have not yet decided to file a lawsuit. The settlement scenario is reflected in the model used to calculate provisions for legal risks.

As of 30 September 2025, Santander Bank Polska S.A. and Santander Consumer Bank S.A. maintained portfolios of loans affected by the legal risk connected with CHF-indexed loan agreements for an approximate gross amount of PLN 3,958.2 million (EUR 928.1 million).

As of 30 September 2025, the total value of adjustment to gross carrying amount in accordance with IFRS9 as well as provisions recorded under IAS37, amount to PLN 6,011.3 million (EUR 1,409.5 million) of which PLN 3,677.9 million (EUR 862.4 million) corresponds to adjustment to gross carrying amount under IFRS 9 and PLN 2,333.3 million (EUR 547.1 million) to provisions recognized in accordance with IAS 37. The adjustment to gross carrying amount in accordance with IFRS9 during the first nine months of 2025 amounted to PLN 42.6 million (EUR 10.1 million), the additional provisions under IAS 37 amounted to PLN 726.0 million (EUR 171.2 million). Other costs related to the dispute amounted to PLN 483.2 million (EUR 114.0 million).

The above figures include Santander Bank Polska and Santander Consumer.

These provisions represent the best estimate as of 30 September 2025. Santander Bank Polska and Santander Consumer Bank Poland will continue to monitor and assess the appropriateness of those provisions.

• Banco Santander Mexico: dispute regarding a testamentary trust constituted in 1994 by Mr. Roberto Garza Sada in Banca Serfin (currently Santander Mexico) in favor of his four sons in which he affected shares of Alfa, S.A.B. de C.V. (respectively, Alfa and the Trust). During 1999, Mr. Roberto Garza Sada instructed Santander México in its capacity as trustee to transfer 36,700,000 shares from the Trust's assets to his sons and daughters