The results of ING Bank Śląski surprised the market. Profit has increased, but profit from interest below forecasts
The net profit of the ING Bank Śląski Group in the second quarter of 2025 amounted to PLN 1.14 billionwhich means a slightly better (by 5 %) result than market expectations. However, this is mainly the effect of higher income and lower risk costs (the interest result turned out to be lower than forecasts).
In terms of year -on -year, profit increased by 18 percent, and quarterly by 12 percent. This is the fourth as to the amount of quarter earnings of the Polish-Dutch bank (the record is PLN 1.31 billion from the fourth quarter of 2024).
In the whole first half of 2025, the ING Bank Śląski group generated a net profit of PLN 2.15 billion, which means that the net result was 9.8 percent higher. compared to year on year.
The bank stated that the increase in profitability in an annual basis was the most affected by the increase in the interest result, the increase in other income and the decrease in risk costs. The increase in operating costs and banking tax had a negative impact on the result.
Income increases more than costs
The bank's interest result in the second quarter amounted to PLN 2.17 billion and turned out to be 4 percent. Below the expectations of analysts. Increased by 6 percent year on year and 2 percent fell. in quarterly terms. In the entire six months, the accumulated, reported interest margin of the bank amounted to 3.44 percent. compared to 3.57 percent At the end of the first half of 2024. After the correction of interest revenues for the impact of credit holiday costs, the decrease in the margin was 22 on -year base points.
The result from the commission amounted to PLN 584 million and was in line with market estimates, increased 2 percent. annually and 1 percent quarterly. In total, income has grown by 8 percent. annually and were the same as in the previous quarter, amounted to PLN 2.91 billion. At the same time, operating costs reached PLN 1.06 billion, i.e. they grew for a year by 8 percent. and fell quarterly by 12 percent
The copies amounted to PLN 192 million in the second quarter and were 18 percent. lower than the expectations of analysts, they fell by 34 percent. year on year and 8 percent in quarterly terms. The bank stated that in the first half of 2025 there was a slight increase in the accumulated (for the last four quarters) of risk costs up to 0.55 percent. with 0.53 percent last year. Quarterly risk costs dropped to 0.45 percent. with 0.49 percent in the first quarter. In the half year of 2025, the bank sold retail and corporate receivables from the so -called stage 3. The positive impact of these transactions on risk costs was PLN 45 million.
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ING Bank Śląski
At the end of June 2025, the credit receivables of gross retail customers amounted to PLN 75.9 billion, which means that during the first half of 2025 the bank's credit involvement in relation to this group of clients increased by 6.4 percent. The largest increase in volumes occurred in the area of mortgage loans with a fixed percentage (+3.1 billion PLN, +14 percent compared to December 2024).
There will be a strategy update
In September 2024, the Supervisory Board chose a new president – it was Michał Bolesławski, who took its position in April 2025. The bank said that in the fourth quarter of 2025 he was planning to present an updated strategy (i.e. later than announced in the spring), in which strategic goals (including financial), possible risk of strategy and opportunities will be determined. Competitive bank.
“Net profit ING BSK was better than market forecasts, mainly due to lower costs of reserves for a credit portfolio. However, it is worth noting that in terms of interest or commission income – slightly weaker than expectations – and taking into account forecasts for other banks, or already published results, in terms of dynamics of revenue, the bank will be among the companies that have recorded lower rates quarter of 2025 than the average.
