Key Highlights
- Vidhya Edwards Munnangi Mon, January 12, 2026 at 5:23 PM GMT+5:30 3 min read SAN EBON BKZHY Banco Santander has concluded the sale of a 49% holding in its Polish subsidiary, Santander Bank Polska, to Austria’s Erste Group.
- The deal also includes the transfer of a 50% interest in Santander Bank Polska’s asset management business (TFI).
- The total deal value stands at around €7bn ($8.2bn).
- The agreement, first made public in May 2025, leads to a net capital gain of roughly €1.9bn for Santander and is expected to increase the group’s CET1 ratio by about 95 basis points, or an estimated €6bn.
- Santander intends to allocate around half of the proceeds towards advancing its shareholder buyback programme, subject to regulatory clearance.
