ING Bank Slaski (ING) investor relations material

Executive summary

• Q2 2025 net profit reached PLN 1,135 million, up 18% year-over-year, with cumulative H1 net profit at PLN 2,149 million and EPS at PLN 16.51.

• 80,000 new retail and 20,000 new corporate clients were added year-over-year, with digital and mobile banking activity rising.

• The bank received multiple Euromoney awards for best bank, ESG, and digital banking in Poland for 2025.

• Dividend of PLN 3,276 million was paid from 2024 profit, equating to PLN 25.18 per share.

• Management Board and Supervisory Board changes, including new appointments and a resignation.

Financial highlights

• Net interest income for H1 2025 was PLN 4,384 million, up from PLN 4,204 million year-over-year; net fee and commission income reached PLN 1,163 million.

• Net profit for Q2 was PLN 1,035 million, up 18% year-over-year; H1 net profit was PLN 2,149 million, up 10% year-over-year.

• Cost of risk dropped 39% year-over-year in Q2, with positive macroeconomic contributions.

• Operating income for Q2 2025 was PLN 2,920 million (up 8% y/y); total expenses including bank tax were PLN 1,055 million (up 8% y/y).

• Book value per share rose to PLN 135.40 from PLN 108.94 year-over-year.

Outlook and guidance

• Management expects continued growth in lending and deposits, supported by Poland’s solid economic outlook and anticipated rebound in credit-to-GDP ratio in 2026.

• Interest rate sensitivity is low due to effective risk management, but lower rates will impact net interest profit.

• Ongoing adaptation to benchmark rate reform, with transition from WIBOR to POLSTR scheduled by end of 2027.

• Corporate lending expected to improve, with significant growth likely in 2026 from large infrastructure projects.

• Strategic priorities include digitalization, streamlining customer service, and expanding private banking and mutual fund offerings.