Brief: Poland's ING BS Q2 Net Profit Up At 1.10 Bln Zlotys

ING Bank Slaski SA

03/08/2023 06:14

Aug 3 (Reuters) - ING Bank Slaski SA  INGP.WA :
    * H1 NET PROFIT 2.01 BILLION ZLOTYS VERSUS 1.37 BILLION
ZLOTYS
YEAR AGO
    * Q2 NET PROFIT 1.10 BILLION ZLOTYS VERSUS 573.0 MILLION
ZLOTYS
YEAR AGO
    * Q2 NET INTEREST INCOME 2.05 BILLION ZLOTYS VERSUS 1.90
BILLION
ZLOTYS YEAR AGO
    * Q2 NET FEE AND COMMISSION INCOME 534.4 MILLION ZLOTYS
VERSUS
518.8 MILLION ZLOTYS YEAR AGO
    * Q2 IMPAIRMENT FOR EXPECTED LOSSES 196.8 MILLION ZLOTYS
VERSUS
183.0 MILLION ZLOTYS YEAR AGO
    * ROE AT 24.2% AT END OF JUNE VERSUS 19.7% YEAR AGO
    * AS AT 30 JUNE, OUTSTANDING PRINCIPAL OF LOANS COVERED BY
PROCEEDINGS IN QUESTION AMOUNTED TO 265.5 MLN ZLOTYS VS 251.8
MLN ZLOTYS AS AT 31 DEC 2022 AND 229.3 MLN ZLOTYS AS AT 30 JUNE
2022
    * AS AT JUNE 30, 1,214 COURT CASES WERE PENDING AGAINST BANK
IN
CONNECTION WITH CONCLUDED LOAN AGREEMENTS IN PLN INDEXED TO THE
CHF EXCHANGE RATE VS 1,041 CASES AS AT 31 DEC 2022 AND 889 CASES
AS AT 30 JUNE 2022
    * SINCE SETTLEMENT PROGRAMME WAS LAUNCHED UNTIL END OF H1,
CLIENTS
FILED 1,520 SETTLEMENT APPLICATIONS AND BANK CONCLUDED 640
AGREEMENTS IN RELATION TO CHF LOANS

Source text for Eikon:  ID:nEMbT87mba 
Further company coverage:  INGP.WA 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))