Poland's ING Bank Slaski posts 5% drop in Q3 net profit as costs rise

ING Bank Slaski SA

31/10/2024 06:05

Oct 31 (Reuters) - ING Bank Slaski  INGP.WA , the Polish
unit of ING  INGA.AS , reported a 5% fall in its third-quarter
net profit to 1.10 billion zlotys ($274.18 million) on Thursday,
hurt by higher costs, although that was mostly offset by higher
income.
    The result was slightly below a company-compiled consensus
of 1.12 billion zlotys.
    Net interest income (NII), a measure of earnings on loans
minus deposit costs, came in at 2.26 mln zlotys for the
July-September period, slightly above the company-compiled
consensus of 2.24 billion zlotys.
 
 ($1 = 4.0119 zlotys)

 (Reporting by Julia Kotowska; Editing by Savio D'Souza)
 ((Julia.Kotowska@thomsonreuters.com; +48 58 769 67 31;))