Hello everyone

.
Yesterday I diagnosed a Fabia 1. What could be the cause of this error...? Could it really be the catalytic converter? I don't quite understand what "Bank 1" means... this is a 3-cylinder engine. Normally, only the lambda sensors monitor the system at this point, or is there another sensor on the catalytic converter?
Apparently, repairing it isn't cost-effective... (according to the workshop).
Address 01: Engine, Label file: RKS\03D-906-032-AWY.lbl
Part number: 03D 906 032 A.
Component: 1.2L/2V SIMOS3 00HS1501
Coding: 00031
Operating number: WSC 13765
TMBPW46Y633847528 SKZ7Z0C2016994
"One error found:"
16804 - Catalytic converter system; Bank 1: Effect too low.
P0420 - 35-00 - -
Readiness: 0000 0000
Sure, here is the translation of the text from German to English:
"edited by guste100: Title changed for clarity."