ING Bank Slaski (ING) Q4 2025 earnings summary

Executive summary

• Retail customer base grew by 133,000 to 4.7 million; corporate clients increased by 22,000 to 594,000, both outpacing prior year growth and supported by digitalization initiatives.

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

• The bank became the third-largest in Poland by loans and deposits, surpassing Santander, with 4.7 million retail and 594,000 corporate clients.

• Mortgage portfolio expanded by PLN 8 billion to PLN 69 billion, raising market share to 14.2% from 13.5% year-over-year.

Financial highlights

• Net interest income for Q4 2025 was PLN 2,295 million (+5% q/q, +2% y/y); net fee and commission income was PLN 598 million (+6% y/y).

• Retail loans grew by PLN 2.1 billion (12% y/y), nearing a 5% market share; corporate loans rose by 5% (PLN 4.6 billion), mainly from investment lending to state-majority companies.

• Deposits market share stable at 10.24% for retail and 9.8% for corporate; retail deposits reached PLN 136.1 billion (+8% y/y), corporate deposits PLN 97.3 billion (+5% y/y).

• Interest result in Q4 was PLN 2.3 billion, up 5% quarter-over-quarter and 2% year-over-year.

• Fees and commissions in 2025 increased by 3% year-over-year, with notable 29% growth in equity market fees and 38% in investment funds.

Outlook and guidance

• Management intends to recommend a 75% dividend payout from 2025 profit, in line with regulatory policy.

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

• Expectation of continued dynamic economic growth in Poland, with GDP growth forecast at 3.7% for 2026 and strong public investment as a key driver.

• Inflation projected to average 1.7% in 2026, with interest rates expected to lower to 3.25%.