Banco Santander Completes Sale of Polish Unit to Erste Group for 7 Billion Euros

MT Newswires Live

01/09

Banco Santander (SAN) said Friday that it has completed the sale of a 49% stake in Santander Bank Polska to Erste Group Bank for 7 billion euros ($8.15 billion) in cash.

Under the deal announced in May, 2025, Erste has acquired 49% of the share capital of Santander Bank Polska and a 50% stake in the Polish asset management business that Santander Bank Polska did not own, Banco Santander said.

The Spanish lender said Erste plans to change Santander Bank Polska's name to Erste Bank Polska in Q2.

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