ING Bank Slaski (ING) investor relations material

Executive summary

• Net profit for 2025 reached PLN 4,633 million, up 6% year-over-year, with Q4 net profit at PLN 1,372 million, a 23% quarter-over-quarter and 5% year-over-year increase; gross loans rose 8.2% and deposits 7% year-over-year.

• Retail customer base grew by 133,000 to 4.7 million, and corporate clients increased by up to 594,000, both outpacing prior year growth.

• The bank became the third-largest in Poland by loans and deposits, maintaining its market position.

• Digitalization advanced with new AI Assistant pilots and Luxembourg fund offers for private banking clients.

Financial highlights

• Net interest income for Q4 2025 was PLN 2,295 million (+5% q/q, +2% y/y); full-year net interest income was PLN 8,871 million (+1.7% y/y).

• Net fee and commission income for Q4 was PLN 598 million (+6% y/y); full-year net commission income was PLN 2,359 million (+2.8% y/y).

• Total income for Q4 was PLN 3,057 million (+3% q/q, +5% y/y); total costs including bank tax were PLN 980 million (-6% q/q, +5% y/y).

• Cost of risk in Q4 was PLN 189 million, down 25% q/q; impairment for expected credit losses for 2025 was PLN 782 million, down 17.2% y/y.

• Earnings per share for 2025 were PLN 35.59, up 6% from the previous year.

Outlook and guidance

• Management plans a 75% dividend payout from 2025 profit, subject to regulatory requirements.

• Credit growth in 2026 is expected to outpace nominal GDP growth, supported by falling NBP rates and economic recovery.

• GDP growth in Poland is forecast at 3.7% for 2026, with inflation projected at 1.7% and reference rate at 3.25%.

• Commission income is expected to grow in line with client activity, though not at double-digit rates.

• Final audited results will be published on 5 March 2026.