Q3 2025 ING Bank Slaski SA Earnings Call Transcript
Key Points
- ING Bank Slaski SA (STU:6GF) experienced significant customer growth, with 135,000 new retail customers and 18,000 new corporate customers year-on-year.
- The bank achieved a notable 46% year-on-year growth in mortgage loans, securing the second position in the Polish market.
- Mutual funds saw a 33% year-on-year increase, with a market share of 7.1%, driven largely by net flows.
- The bank's net income grew by 1% year-on-year for Q3, contributing to a 7% increase over the first three quarters.
- Cost of risk decreased by 24% over nine months, indicating improved risk management and financial stability.
- Corporate loan growth was weak, with only PLN0.3 billion increase in the past quarter, attributed to stagnant private sector investment.
- The bank's interest margin decreased by 5 basis points to 3.15%, reflecting challenges in maintaining profitability amidst changing interest rates.
- The total capital ratio decreased by 81 basis points to 14.85%, influenced by increased risk-weighted assets.
- Corporate banking saw an increase in cost of risk due to macroeconomic factors, impacting overall financial performance.
- The bank faces challenges in corporate lending due to overregulation and lack of private sector investment, affecting growth potential.
Good morning. Welcome to our conference, during which we will present our performance in the past quarter and in the past three quarters as well. (spoken in foreign language) My name is Piotr Utrata, and I'm the spokesman of the bank.
Michal, over to you.
Good morning. This quarter was kind of a boring, predictable quarter without any exciting events, but that's what I think is expected of a bank, to be stable and to continue its strategy. And this is indeed what this quarter was like. The most important things that I would like to draw your attention to is that the bank has been growing in terms of the number of customers, especially in the retail segment.
And the growth was 135,000 year-on-year. We have now reached nearly 4.7 million customers. On the corporate side, the growth was 18,000 year-on-year, bringing this to nearly 590,000, which means that we are developing our market share by attracting new
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