Preliminary Q4 2025 ING Bank Slaski SA Earnings Call Transcript
Key Points
- ING Bank Slaski SA (STU:6GF) experienced significant growth in retail customers, adding 133,000 new customers in 2025, reaching a total of 4.7 million.
- The bank's mortgage portfolio grew by PLN8 billion, increasing its market share to 14.2% from 13.5% the previous year.
- Corporate loans grew by 5%, with a notable increase in investment lending, particularly for state-owned enterprises.
- The bank achieved historically high financial results, with a net profit of nearly PLN1.4 billion in Q4 2025, marking a 5% year-on-year growth.
- ING Bank Slaski SA (STU:6GF) surpassed Santander in terms of loans and deposits, becoming the third largest bank in Poland by these metrics.
- The bank's growth in SME loans, while improved, is still not at the desired level, indicating room for further development.
- There is a concentration risk in corporate lending, with a significant portion of growth attributed to large state-owned companies.
- The bank faces increased competition in the lending market, which may lead to shrinking margins, particularly in the mortgage sector.
- Despite the positive financial results, the bank's cost of risk remains a concern, with provisions for CHF mortgages impacting the overall risk profile.
- The bank's employment and physical presence have been reduced, which may impact customer service and operational efficiency.
Good morning, and welcome to our conference in which we are going to summarize 2025. Michal Boleslawski, President of the Board; Bozena Graczyk, Deputy President, responsible for Finance; Rafal Benecki, the Chief Economist; Iza Rokicka, who's responsible for Investor Relationships, who is going to chair this meeting with me. I'm Piotr Utrata. I'm the spokesperson for the bank. Michal, over to you.
Good morning. We have some good news that we would like to share with you. Let's begin with our customers. 2025 saw a 133,000 growth of retail customers, which is much more than in the previous year with a net growth of 309,000, which means 4.7 million retail customers.
On the side of companies, the growth of 22,000 up to 554,000, which is nearly 600,000 companies that we have in our portfolio at the moment. Now in our strategy, we said that by 2035, we will have 800,000, which means we are on the right track. And if we
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