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ING Bank Slaski

ING Slaski's net profit rose 33.9% yoy to PLN 896 mil in 4Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski made a net profit of PLN 896 mil in the fourth quarter of 2022, up 33.9% when compared to the same period of last...

ING Slaski's net profit rose 33.9% yoy to PLN 896 mil in 4Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski made a net profit of PLN 896 mil under revenues of PLN 2,314 mil in the fourth quarter of 2022, up 33.9% and ...

ING Slaski's customer deposits rose 13.4% yoy to PLN 186,580 mil in 3Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski's customer deposits reached PLN 186,580 mil in 2022-09-30, up 0.802% compared to the previous year. Polish bank...

Annual Quarterly
Profit Statement 2018 2019 2020
Net Interest Income PLN mil 3,759 4,325 4,542
Net Fee Income PLN mil 1,305 1,341 1,528
Other Income PLN mil 481 525 581
Total Revenues PLN mil 5,545 6,191 6,651
Staff Cost PLN mil 1,105 1,203 1,314
Operating Profit PLN mil 2,874 3,240 3,407
Provisions PLN mil 501 574 804
Net Profit PLN mil 1,549 1,684 1,558
Balance Sheet 2018 2019 2020
Interbank Loans PLN mil 1,412 970 980
Customer Loans PLN mil 103,126 118,128 124,655
Investments PLN mil 32,728 34,483 55,477
Total Assets PLN mil 141,813 158,611 186,596
Shareholders' Equity PLN mil 13,322 15,223 18,618
Interbank Borrowing PLN mil 5,196 6,256 8,228
Customer Deposits PLN mil 117,682 130,474 151,028
Issued Debt Securities PLN mil 1,377 2,531 3,680
Ratios 2018 2019 2020
ROE % 12.3 11.8 9.21
ROA % 1.16 1.12 0.903
Costs (As % Of Assets) % 1.99 1.96 1.88
Costs (As % Of Income) % 48.2 47.7 48.8
Capital Adequacy Ratio % 15.6 16.9 18.7
Net Interest Margin % 2.81 2.88 2.63
Loans (As % Of Deposits) % 87.6 90.5 82.5
NPLs (As % Of Loans) % 2.76 2.93 3.24
Provisions (As % Of NPLs) % 78.1 69.3 78.8
Valuation 2018 2019 2020
Market Capitalisation USD mil 6,252 6,950 5,954
Number Of Shares mil 130 130 130
Share Price PLN 180 203 171
Price/Earnings (P/E) 15.1 15.6 14.3
Price/Book Value (P/BV) 1.76 1.73 1.19
Dividend Yield % 1.94 1.73 0
Earnings Per Share (EPS) PLN 11.9 12.9 12.0
Book Value Per Share PLN 102 117 143
Dividend Per Share PLN 3.50 3.50 0

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summary Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                                        
Net Interest Income PLN mil ...                                         2,334 2,555 2,959 3,396 3,759    
Total Revenues PLN mil ...                                         3,638 3,878 4,277 4,906 5,545    
Operating Profit PLN mil ...                                         1,704 1,878 1,908 2,476 2,874    
Net Profit PLN mil ...                                         1,041 1,245 1,112 1,424 1,549    
balance sheet                                                        
Interbank Loans PLN mil ...                                         1,945 2,369 1,113 2,295 1,412    
Customer Loans PLN mil                                           61,055 72,520 81,980 91,108 103,126    
Investments PLN mil ...                                         24,746 24,659 28,548 26,377 32,728    
Total Assets PLN mil ...                                         99,861 108,893 117,478 126,014 141,813    
                                                           
Shareholders' Equity PLN mil ...                                         10,457 10,681 10,477 11,795 13,322    
Interbank Borrowing PLN mil ...                                         6,210 4,124 5,065 4,109 5,196    
Customer Deposits PLN mil ...                                         75,659 87,819 95,825 104,503 117,682    
Issued Debt Securities PLN mil ...                             ...           867 866 1,531 927 1,377    
ratios                                                        
ROE % ... ...                                       10.9 11.8 10.5 12.8 12.3    
ROA % ... ...                                       1.12 1.19 0.982 1.17 1.16    
Costs (As % Of Assets) % ... ...                                       2.07 1.92 2.09 2.00 1.99    
Costs (As % Of Income) % ...                                         53.2 51.6 55.4 49.5 48.2    
Capital Adequacy Ratio % ...                                         14.2 13.7 14.7 16.7 15.6    
Net Interest Margin % ... ...                                       2.50 2.45 2.61 2.79 2.81    
Interest Income (As % Of Revenues) % ...                                         64.2 65.9 69.2 69.2 67.8    
Fee Income (As % Of Revenues) % ...                                         29.2 26.2 24.9 24.4 23.5    
Staff Cost (As % Of Total Cost) % ...                     ... ...                 49.0 48.6 43.9 42.6 41.4    
Equity (As % Of Assets) % ...                                         10.5 9.81 8.92 9.36 9.39    
Loans (As % Of Deposits) % ...                                         80.7 82.6 85.6 87.2 87.6    
Loans (As % Assets) % ...                                         61.1 66.6 69.8 72.3 72.7    
NPLs (As % Of Loans) % ...                     ...                   3.79 3.06 2.49 2.69 2.76    
Provisions (As % Of NPLs) % ...                     ...                   72.5 68.2 70.7 66.8 78.1    
valuation                                                        
Market Capitalisation USD mil ...                                         5,142 3,880 5,027 7,702 6,252    
Number Of Shares mil ... ... ... ...         ... ... ...                     130 130 130 130 130    
Share Price PLN ...                                         140 117 161 206 180    
Earnings Per Share (EPS) PLN ... ... ... ...         ... ... ...                     8.00 9.57 8.54 10.9 11.9    
Book Value Per Share PLN ... ... ... ...         ... ... ...                     80.4 82.1 80.5 90.7 102    
Dividend Per Share PLN ...                                         4.00 4.30 0 3.20 3.50    
Price/Earnings (P/E) ... ... ... ...         ... ... ...                     17.5 12.2 18.9 18.8 15.1    
Price/Book Value (P/BV) ... ... ... ...         ... ... ...                     1.74 1.43 2.00 2.27 1.76    
Dividend Yield % ...                                         2.86 3.67 0 1.56 1.94    
Earnings Per Share Growth % ... ... ... ... ...       ... ... ... ...                   8.58 19.7 -10.7 28.1 8.76    
Book Value Per Share Growth % ... ... ... ... ...       ... ... ... ...                   21.2 2.14 -1.90 12.6 12.9    
income statement Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                                        
Interest Income PLN mil ...                                         3,729 3,716 3,929 4,244 4,674    
Interest Cost PLN mil ...                                         1,394 1,162 970 848 915    
Net Interest Income PLN mil ...                                         2,334 2,555 2,959 3,396 3,759    
Net Fee Income PLN mil ...                                         1,063 1,017 1,065 1,196 1,305    
Fee Income PLN mil ...                                         1,168 1,135 1,204 1,343 1,616    
Fee Expense PLN mil ...                                         105 118 139 147 311    
Other Income PLN mil ...                                         241 306 253 315 481    
Total Revenues PLN mil ...                                         3,638 3,878 4,277 4,906 5,545    
Staff Cost PLN mil ...                     ... ...                 948 972 1,039 1,036 1,105    
Depreciation PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           102 106 107 109 117    
Other Cost PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           885 922 1,222 1,286 1,450    
Operating Cost PLN mil ...                                         1,934 2,000 2,369 2,431 2,672    
Operating Profit PLN mil ...                                         1,704 1,878 1,908 2,476 2,874    
Provisions PLN mil                                           264 224 299 421 501    
Extra and Other Cost PLN mil ...                                         93.0 118 139 147 311    
Pre-Tax Profit PLN mil ...                                         1,347 1,536 1,470 1,907 2,062    
Tax PLN mil ...                                         307 291 358 484 513    
Minorities PLN mil ...                                         0.100 0.100 0.100 0 0    
Net Profit PLN mil ...                                         1,041 1,245 1,112 1,424 1,549    
Net Profit Avail. to Common PLN mil ...                                         1,041 1,245 1,112 1,424 1,549    
Dividends PLN mil ...                                         520 559 0 416 455    
growth rates                                                        
Net Interest Income Growth % ... ...                                       14.1 9.45 15.8 14.8 10.7    
Net Fee Income Growth % ... ...                                       8.84 -4.30 4.68 12.3 9.11    
Total Revenue Growth % ... ...                                       7.66 6.60 10.3 14.7 13.0    
Operating Cost Growth % ... ...                                       6.58 3.42 18.4 2.61 9.91    
Operating Profit Growth % ... ...                                       8.92 10.2 1.61 29.7 16.1    
Pre-Tax Profit Growth % ... ...                                       13.3 14.0 -4.31 29.8 8.08    
Net Profit Growth % ... ...                                       8.58 19.7 -10.7 28.1 8.78    
market share                                                        
Market Share in Revenues % ...                                         6.31 6.93 7.21 7.94 8.61    
Market Share in Net Profit % ...                                         6.55 11.1 7.99 10.5 11.9    
Market Share in Employees % ...                   ...   ...     ...           4.72 4.79 4.75 4.85 4.94    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ...           3.29 3.33 3.41 4.06 4.03    
balance sheet Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                                        
Cash & Cash Equivalents PLN mil ...                                         5,331 3,590 1,825 2,815 1,237    
Interbank Loans PLN mil ...                                         1,945 2,369 1,113 2,295 1,412    
Customer Loans PLN mil                                           61,055 72,520 81,980 91,108 103,126    
Retail Loans PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ...                 21,969 26,454 31,641 37,509 45,363    
Mortgage Loans PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           16,681 20,295 23,887 27,540 33,372    
Consumer Loans PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           5,289 6,159 7,754 9,969 11,992    
Corporate Loans PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ...                 36,781 43,593 47,807 50,975 58,864    
Investments PLN mil ...                                         24,746 24,659 28,548 26,377 32,728    
Property and Equipment PLN mil ...                                         595 598 578 549 556    
Intangible Assets PLN mil ... ... ... ...                                   377 420 426 431 439    
Goodwill PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           224 224 223 223 223    
Total Assets PLN mil ...                                         99,861 108,893 117,478 126,014 141,813    
                                                           
Shareholders' Equity PLN mil ...                                         10,457 10,681 10,477 11,795 13,322    
Of Which Minority Interest PLN mil ...                                         2.60 2.60 2.30 0 0    
Liabilities PLN mil ...                                         89,404 98,213 107,000 114,219 128,491    
Interbank Borrowing PLN mil ...                                         6,210 4,124 5,065 4,109 5,196    
Customer Deposits PLN mil ...                                         75,659 87,819 95,825 104,503 117,682    
Sight Deposits PLN mil ...                     ... ...                 21,874 26,802 32,421 38,397 43,530    
Term Deposits PLN mil ...                     ... ...                 52,532 59,662 61,693 64,452 72,378    
Issued Debt Securities PLN mil ...                             ...           867 866 1,531 927 1,377    
Subordinated Debt PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 665 627 1,077    
Other Liabilities PLN mil ...                             ...           6,669 5,404 4,579 4,680 4,236    
asset quality                                                        
Non-Performing Loans PLN mil ...                     ...                   2,379 2,268 2,077 2,497 2,905    
Gross Loans PLN mil ...                                         62,780 74,067 83,447 92,776 105,396    
Risk-Weighted Assets PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ...                 49,269 57,639 62,420 65,286 76,605    
Total Provisions PLN mil ...                                         1,726 1,547 1,468 1,668 2,270    
growth rates                                                        
Customer Loan Growth % ...                                         16.9 18.8 13.0 11.1 13.2    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ...               18.7 20.4 19.6 18.5 20.9    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         19.0 21.7 17.7 15.3 21.2    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         17.9 16.5 25.9 28.6 20.3    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ...               16.9 18.5 9.67 6.63 15.5    
Total Asset Growth % ... ...                                       15.1 9.05 7.88 7.27 12.5    
Shareholders' Equity Growth % ... ...                                       21.2 2.14 -1.90 12.6 12.9    
Customer Deposit Growth % ... ...                                       12.4 16.1 9.12 9.06 12.6    
market share                                                        
Market Share in Customer Loans %                                           5.87 6.56 7.05 7.55 8.37    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ... ...                 12.2 13.3 13.9 13.9 15.8    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           2.27 2.49 2.98 3.59 4.46    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ...                 3.73 4.21 4.79 5.58 6.45    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           4.69 5.32 5.97 6.98 7.68    
Market Share in Total Assets % ...                                         6.52 6.81 6.86 7.07 7.15    
Market Share in Customer Deposits % ...                                         7.23 7.88 7.90 8.23 9.53    
ratios Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                                         
ROE % ... ...                                       10.9 11.8 10.5 12.8 12.3    
ROTE % ... ... ... ... ...                                 11.3 12.2 10.9 13.3 12.8    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...               15.2 15.5 12.3 14.9 14.6    
ROA % ... ...                                       1.12 1.19 0.982 1.17 1.16    
Return on Loans % ...                                         1.84 1.86 1.44 1.65 1.59    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...               3.73 3.51 3.18 3.88 4.05    
Costs (As % Of Assets) % ... ...                                       2.07 1.92 2.09 2.00 1.99    
Costs (As % Of Income) % ...                                         53.2 51.6 55.4 49.5 48.2    
Costs (As % Of Loans) % ...                                         3.41 2.99 3.07 2.81 2.75    
Costs (As % Of Loans & Deposits) % ... ...                                       1.51 1.35 1.40 1.30 1.28    
Capital Adequacy Ratio % ...                                         14.2 13.7 14.7 16.7 15.6    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       14.2 13.7 13.7 15.8 14.7    
Net Interest Margin % ... ...                                       2.50 2.45 2.61 2.79 2.81    
Interest Spread % ... ...                                       2.33 2.32 2.53 2.72 2.74    
Asset Yield % ... ...                                       4.00 3.56 3.47 3.49 3.49    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...               7.96 7.25 7.12 7.68 7.82    
Cost Of Liabilities % ... ...                                       1.66 1.24 0.945 0.767 0.754    
Payout Ratio % ...                                         50.0 44.9 0 29.2 29.4    
Interest Income (As % Of Revenues) % ...                                         64.2 65.9 69.2 69.2 67.8    
Fee Income (As % Of Revenues) % ...                                         29.2 26.2 24.9 24.4 23.5    
Other Income (As % Of Revenues) % ...                                         6.61 7.89 5.92 6.41 8.67    
Staff Cost (As % Of Total Cost) % ...                     ... ...                 49.0 48.6 43.9 42.6 41.4    
Equity (As % Of Assets) % ...                                         10.5 9.81 8.92 9.36 9.39    
Equity (As % Of Loans) % ...                                         17.1 14.7 12.8 12.9 12.9    
Loans (As % Of Deposits) % ...                                         80.7 82.6 85.6 87.2 87.6    
Loans (As % Assets) % ...                                         61.1 66.6 69.8 72.3 72.7    
NPLs (As % Of Loans) % ...                     ...                   3.79 3.06 2.49 2.69 2.76    
Provisions (As % Of NPLs) % ...                     ...                   72.5 68.2 70.7 66.8 78.1    
Provisions (As % Of Loans) % ...                                         2.83 2.13 1.79 1.83 2.20    
Cost of Provisions (As % Of Loans) % ...                                         0.466 0.336 0.387 0.487 0.516    
other data Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                                         
Branches ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ...           401 395 384 423 400    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,145 1,081 1,051    
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 298 256 263    
Employees ...                   ...   ...     ...           8,157 8,189 8,025 7,979 8,034    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ...           20.3 20.7 20.9 18.9 20.1    
Cost Per Employee USD per month ...                   ... ... ...     ...           2,954 2,658 2,671 2,824 3,165    
Cost Per Employee (Local Currency) PLN per month ...                   ... ... ...     ...           9,680 9,891 10,792 10,817 11,459    
customer breakdown Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                                         
Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Number of Accounts mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Number of Primary Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Number of Mortgages mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Average Size of Deposit PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Average Size of Mortgage Loan PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Accounts (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Primary (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
                                                           
Market Value per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Revenue per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Net Profit per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Loan per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Deposit per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Revenue per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Net Profit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Loan per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Deposit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    

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ING Slaski's customer loans rose 9.34% yoy to PLN 154,350 mil in 3Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski's customer loans reached PLN 154,350 mil in 2022-09-30, up 1.47% compared to the previous year. Polish banking sector provided customer loans of PLN 1,608 bil in 2022-09-30, up 2.03% when compared to the last year. ING Bank Slaski accounte...

ING Slaski's mortgage loans fell 0.122% yoy to PLN 55,468 mil in 3Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski's mortgage loans reached PLN 55,468 mil in 2022-09-30, down 2.52% compared to the previous year. Polish banking sector provided mortgage loans of PLN 483 bil in 2022-09-30, down 2.34% when compared to the last year. ING Bank Slaski account...

ING Bank Slaski - Infrastructure

By Helgi Analytics - March 10, 2023

ING Bank Slaski employed 8,507 persons in 2020-12-31, up 2.62% compared to the previous year. Historically, the bank's workforce hit an all time high of 8,507 persons in 2020-12-31 and an all time low of 8,016 in 2017-09-30. The bank operated a network of ...

ING Slaski's net interest margin rose 19.4% yoy to 3.36% in 4Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski's net interest margin amounted to 3.36% in the fourth quarter of 2022, up from 0.326% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 3.60% in 2Q2022 and an all time low of ...

ING Slaski's total revenues fell 58.9% yoy to PLN 717 mil in 3Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski generated total banking revenues of PLN 717 mil in 2022-09-30, down 69.7% compared to the previous year. Polish banking sector banking sector generated total revenues of PLN 24,268 mil in 2022-09-30, down 1.11% when compared to the las...

ING Slaski's costs (as % of assets) fell 11.6% yoy to 1.59% in 4Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski's cost to income ratio reached 37.1% in the fourth quarter of 2022, down from 138% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 138% of income in 3Q2022 and an all time low of 37.1% in 4Q20...

ING Slaski's corporate loans rose 15.7% yoy to PLN 92,478 mil in 4Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski's loans reached PLN 158,458 mil in the fourth quarter of 2022, up from PLN 157,434 mil when compared to the previous quarter and up from PLN 149,650 mil when compared to the same period of last year. Historically, the bank’s loans re...

ING Slaski's retail deposits rose 3.05% yoy to PLN 99,473 mil in 3Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski's retail deposits reached PLN 99,473 mil in 2022-09-30, up 2.93% compared to the previous year. Polish banking sector accepted retail deposits of PLN 973 bil in 2022-09-30, up 2.72% when compared to the last year. ING Bank Slaski accounted...

ING Slaski's retail loans fell 0.479% yoy to PLN 64,200 mil in 3Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski's retail loans reached PLN 64,200 mil in the third quarter of 2022, down 2.58% compared to the previous year. Polish banking sector provided retail loans of PLN 766 bil in 3Q2022, down 1.71% when compared to the last year. ING Bank Slaski ...

ING Slaski's payment cards rose 3.38% yoy to 3.91 mil in 3Q2022

By Helgi Analytics - March 10, 2023

ING Bank Slaski has issued total of 3.91 mil payment cards at the end of 2022-09-30, up 0.695% compared to the previous year. Polish banking sector banking sector issued total of 44.2 mil of bank cards in 2022-09-30, up 0.601% when compared to the last...

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ING Bank Slaski is Poland's nationwide universal bank. Its product and service offer includes personal accounts, debit and credit cards, overdraft limits, cash and mortgage loans, saving accounts, term deposits, investment funds, brokerage services, structured products, insurance products and pension funds. The bank offers its services to companies, institutions, and to almost 5 mil individual clients through a network of more than 300 branches and 1,000 ATMs. The bank is especially strong at deposit collection and payment card business. Since 1996, the bank's majority shareholder is the Dutch ING Group now holding a 75% stake in the bank

ING Bank Slaski Logo

Finance

ING Bank Slaski has been growing its revenues and asset by 9.00% and 11.2% a year on average in the last 10 years. Its loans and deposits have grown by 13.7% and 12.3% a year during that time and loans to deposits ratio reached 82.5% at the end of 2020. The company achieved an average return on equity of 11.7% in the last decade with net profit growing 7.54% a year on average. In terms of operating efficiency, its cost to income ratio reached 48.8% in 2020, compared to 51.8% average in the last decade.

Equity represented 9.98% of total assets or 14.9% of loans at the end of 2020. ING Bank Slaski's non-performing loans were 3.24% of total loans while provisions covered some 78.8% of NPLs at the end of 2020.

Valuation

ING Bank Slaski stock traded at per share at the end of 2020 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 11.1% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 14.3x and price to book value (PBV) of 1.19x in 2020.

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