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05.05.2025

Erste Group invests in Central and Eastern European growth with acquisition of 49% controlling stake in Santander Bank Polska, Poland's third-largest bank

  • Erste Group to acquire a 49% controlling stake in Santander Bank Polska Group S.A. and a 50% stake in Santander Towarzystwo Funduszy Inwestycyjnych S.A. from Banco Santander S.A. for a total cash consideration of 7.0 billion euros, thereby securing access to one of the fastest growing and most profitable banking markets in Europe
  • Full internal funding, including through the cancellation of the 700 million euros share buyback and temporary reduction of the 2025 dividend payout ratio 
  • CET1 ratio of >14.25% in 2026 (new 2026 target level)
  • Transaction is significantly accretive to Erste Group’s EPS and ROTE