Santander Bank Polska says higher credit holiday costs will hit in the fourth quarter

Natalie Portman
By Natalie Portman 1 Min Read
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GDANSK (RockedBuzz via Reuters) – Santander Bank Polska said on Tuesday it was raising estimated costs of credit holidays based on current data, including customer participation.

The Polish branch of Spain’s Banco Santander now assumes that about 61 percent of qualified customers will use the program and sees the resulting costs reduce its fourth-quarter gross financial result by about 159 million zlotys ($35.11 million).

($1 = 4.5288 zlotys)

(Reporting by Karol Badohal, editing by David Evans)

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