Erste Group plans PLN 713 offer for Santander Bank Polska stock

Published on 10/19/2026 at 09:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Erste Group plans a PLN 713 offer for the bank. Santander Bank Polska stock is at EUR 176.70 on October 19, 2026 ahead of October 30 results.

Upcoming corporate milestones

Erste Group announced a PLN 713 offer on September 25, 2026.
Analysts forecast third-quarter earnings per share of PLN 15.13 on October 15, 2026.
Santander Bank Polska stock trades at EUR 176.70 at 9:45 a.m. CEST at Lang & Schwarz on October 19, 2026.

Santander Bank Polska, PLBZ00000044, Illustration mit AI erstellt.

Santander Bank Polska (ISIN PLBZ00000044) is trading at EUR 176.70 at Lang & Schwarz on October 19, 2026 at 9:45 a.m. CEST. The main catalyst is Erste Group's planned cash offer of PLN 713 per share, announced on September 25, 2026, according to Bankier.pl.

Offer targets majority ownership

Erste Group already holds 49.00 percent of the Polish bank and intends to buy an additional 1.00 percent to 26.00 percent. The proposed transaction would lift its holding above 50.00 percent and up to 75.00 percent, while the free float would remain at least 25.00 percent, the Bankier.pl report said on September 25, 2026.

The PLN 713.00 cash price represents a 22.10 percent premium to the PLN 584.00 reference price used for the earlier strategic transaction. Erste Group plans to publish the formal offer in early November 2026, subject to regulatory conditions and acceptance thresholds.

What do the estimates imply?

The next earnings test is scheduled for October 30, 2026, covering the quarter ended September 30, 2026. finanzen.at reported on October 15, 2026 that one analyst forecast earnings per share of PLN 15.13, down 18.13 percent from PLN 18.48 a year earlier. Three analysts forecast quarterly revenue of PLN 4.11 billion, compared with PLN 5.25 billion in the prior-year quarter.

Dates that shape the case

The offer process is planned for early November 2026, with acceptance expected to run for 30 days. Erste Group expects the transaction to be completed and settled in December 2026, while the October 30 results will provide the next reported operating comparison.

Stock trades before results

Santander Bank Polska is listed on GPW under ticker SPL.WA, in the Financials sector, according to Global Banking and Finance. The immediate investor question is whether the upcoming earnings figures can support the valuation implied by the offer process and the bank's transition under its new ownership structure.

Santander Bank Polska was trading at EUR 176.70 at Lang & Schwarz on October 19, 2026 at 9:45 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Santander Bank Polska stock.