Poland's ING Bank Slaski Q3 profit beats estimates as provisions fall

ING Groep

29/10/2026 06:59

Oct 29 (Reuters) - Polish lender ING Bank Slaski INGP.WA reported on Thursday a third-quarter net profit above market forecasts, as double-digit growth in core income and lower risk provisions offset a higher tax bill.
The lender joins domestic rivals including Bank Pekao PEO.WA in exceeding third-quarter forecasts, as resilient core operations outweigh sector-wide headwinds from a lower interest rate environment and a 2026 tax hike tied to defence spending.

• The Polish unit of Dutch banking group ING INGA.AS said net profit rose 1.9% year-on-year to 1.13 billion zlotys ($287 million) against a consensus forecast of 1.07 billion zlotys
• Net interest income rose 11.5% to 2.44 billion zlotys, slightly ahead of the 2.42 billion zloty consensus forecast, helped by lower funding costs and higher lending income
• Net fee and commission income rose 15.7% to 692 million zlotys, boosted by a tripling of asset management and brokerage fees
• Provisions for expected credit losses plunged over 71% year-on-year, driven largely by a sharp drop in corporate provisions
• The bank's economists expect Polish rates to stay unchanged until end-2026 and see possible hikes totalling 50 basis points, to 4.25%, in early 2027
($1 = 3.9418 zlotys)

 (Reporting by Rafal Nowak, editing by Anna Pruchnicka)
 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))