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

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)

Natalie Portman

Natalie Portman (born Neta-Lee Hershlag;[a] June 9, 1981) is an actress and filmmaker with dual Israeli and American citizenship. Prolific in film since a teenager, she has starred in blockbusters and also played psychologically troubled women in independent films, for which she has received various accolades, including an Academy Award and two Golden Globe Awards.