Financial results

Q3 2021 results

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H1 2021 results

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2020 integrated report

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Comparable data

Share price performance

​Applicable WSE indices

WIG, mWIG40, WIG-Banki, WIG-ESG

LEI

259400YLRTOBISHBVX41

ISIN

PLBSK0000017

FISN

INGBSK/BRSH SER-B PLN1.0

WSE ticker

ING

Bloomberg / Reuters

ING PW / INGP.WA

Dividends

  • Dividend policy

  • Dividend story

  • More info

Dividend policy

Dividend policy

On 15 December 2021 the Supervisory Board has approved the ING Bank Śląski S.A. Dividend Policy as recommended by the Bank Management Board.

The key assumptions of the ING Bank Śląski S.A. Dividend Policy:

  1. ING Bank Śląski S.A. endorses in the foreseeable future a stable process of dividend payout up to 50% of a yearly net profit of the Bank, in adherence to the rules of prudent management and any and all regulatory requirements which the Bank shall comply with and taking into account the adopted Best Practice for GPW Listed Companies 2021.
  2. A proposal to pay a dividend in the amount higher than the dividend ratio referred to in point 1 is possible when it is justified by the financial standing of the Bank (e.g. from undivided profit from previous years) and provided that all other requirements set out in the law and the Policy are met.
  3. The Dividend Policy endorses the option to pay dividend from the capital surplus over the minimum capital adequacy ratios and over the minimum capital ratios set for the Bank by the PFSA for dividend payout purposes:
    • minimum common equity Tier 1 (CET1) at the level of 4,5% + combined buffer requirement1,
    • minimum Tier 1 (T1) at the level of 6% + combined buffer requirement1,
    • minimum total capital ratio (TCR) at the level of 8% + combined buffer requirement1.
    • where the footnote [1] means the combined buffer requirement binding in a year of dividend payment
  4. When deciding on the proposed amount of dividend payout, the Bank Management Board considers Polish Financial Supervision Authority’s stance on the banks’ dividend policy, which is subject to official announcement, as well as the following terms and conditions:
    • the current financial standing of the Bank and the Bank Group, including limitations in the case of sustaining a financial loss or low profitability (low ROA/ROE),
    • Bank's and Bank Group’s assumptions of the management strategy and risk management strategy,
    • limitations under Article 56 of the Act on macroprudential supervision over the financial system and crisis management in the financial system of 5 August 2015,
    • the need to adjust profits of the present period or unapproved annual profits recognised as own funds with foreseeable dividends, according to Article 26 of the EU Regulation No. 575/2013,
    • macroeconomic environment.

Details: Dividend policy of ING Bank Śląski S.A. (15 September 2016).

Update of the ING Bank Śląski S.A. Dividend policy (9 March 2018).

Update of the ING Bank Śląski S.A. Dividend policy (1 March 2019).

Update of the ING Bank Śląski S.A. Dividend policy (6 March 2020).

Update of the ING Bank Śląski S.A. Dividend policy (15 December 2021).

Dividend story

Dividend story

    Dividend yield (%)

    Dividend per share (PLN)

Note: Data prior the share split in November 2011 (1:10) adjusted accordingly.
Dividend yield as of dividend day.

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Year
 
Net result standalone (PLN m) Net result consolidated (PLN m) Dividend (PLN m) Dividend payout ratio standalone (%) Dividend payout ratio consolidated (%) Dividend per share (PLN) Dividend date Share price at dividend date (PLN) Dividend yield (%) Dividend payout date
2020 1 337,6 1 337,6 663,5 49,6% 49,6% 5,10 4.12.2021 252,50 2,0% 10.12.2021
2019 1 658,7 1 658,7 - - - - - - - -
2018 1 525,9 1 525,9 455,4 29,8% 29,8% 3,50 18.4.2019 194,60 1,8% 06.5.2019
2017 1 348,5 1 403,1 416,3 30,9% 29,7% 3,20 25.4.2018 195,00 1,6% 10.5.2018
2016 1 208,7 1 253,0 - - - - - - - -
2015 1 140,0 1 127,0 559,4 49,1% 49,6% 4,30 20.4.2016 121,80 3,5% 5.5.2016
2014 1 067,9 1 040,7 520,4 48,7% 50,0% 4,00 20.4.2015 143,95 2,8% 5.5.2015
2013 920,1 961,5 572,4 62,2% 59,5% 4,40 14.5.2014 129,60 3,4% 3.6.2014
2012 757,8 832,3 - - - - - - - -
2011 903,6 880,1 - - - - - - - -
2010 702,3 753,1 195,2 27,8% 25,9% 1,50 22.6.2011 85,50 1,8% 1.7.2011
2009 582,2 595,1 - - - - - - - -
2008 455,6 445,4 - - - - - - - -
2007 610,2 630,7 152,2 24,9% 24,1% 1,17 14.5.2008 53,10 2,2% 2.6.2008
2006 540,6 591,4 363,0 67,1% 61,4% 2,79 24.5.2007 87,00 3,2% 11.6.2007
2005 506,8 549,5 357,8 70,6% 65,1% 2,75 18.5.2006 64,50 4,3% 5.6.2006
2004 366,3 399,0 266,7 72,8% 66,8% 2,05 24.6.2005 43,70 4,7% 11.7.2005
2003 28,7 30,6 10,4 36,3% 34,0% 0,08 16.6.2004 37,40 0,2% 1.7.2004
2002 154,0 141,1 31,2 20,3% 22,1% 0,24 16.6.2003 30,95 0,8% 3.7.2003
2001 97,3 100,3 19,5 20,1% 19,5% 0,15 14.5.2002 38,50 0,4% 3.6.2002
2000 138,3 150,9 27,8 20,1% 18,4% 0,30 10.7.2001 26,95 1,1% 3.9.2001

Note: Data prior the share split in November 2011 (1:10) adjusted accordingly

Shareholder structure

ING Bank Śląski share capital amounts to PLN 130 100 000 and is divided into 92 600 000 A-series ordinary shares and 37 500 000 B-series ordinary shares of PLN 1 face value each.

  75,00%
      ING Bank N. V.
      97 575 000 shares

  8,50%
      Aviva Otwarty Fundusz
      Emerytalny Aviva
      Santander*

      11 055 030 shares

  16,50%
      Other stock exchange
      investors
      21 469 970 shares

*As per semi-annually reported assets structure of Aviva Otwarty Fundusz Emerytalny Aviva Santander, as at 30 June 2021.

ING Bank N.V. is a member of ING Group – a global group of financial institutions offering retail and corporate banking services. ING Group companies pursue business in over 40 countries in Europe, North and South Americas, in the Near East as well as in Asia and Australia. ING Group pursues business in four areas: Market Leaders, Challengers, Growth Markets – including Poland as a well as through a global corporate banking network dedicated to strategic clients – Wholesale Banking.

A Dutch financial institution, ING Groep N.V., is the ING Group’s parent company. It was incorporated in 1991 through the merger of a Dutch insurance company, Nationale-Nederlanden, with a Dutch bank, NMB Postbank Groep.
More information on ING Group is available at www.ing.com.

General Meetings

Analysts & Consensus

  • Recommendations

  • Consensus

Recommendations

The presented market consensus has been made on the basis of the reports of independent stock analysts monitoring the financial and commercial results of ING Bank Śląski S.A. and issuing recommendations for bank shares.

None of the estimates or recommendations presented below shall be seen as a forecast or opinion of the ING Bank Śląski S.A. Management Board. Management Board of the Bank did not publish any forecasts of the Company's results.

Recommendations
 

6

2

2

Buy / Accumulate Hold / Neutral Reduce / Sell


288,52 PLN

Average target price

Last update:  03.01.2022
The oldest recommendation: 25.08.2021

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Consensus

The presented market consensus has been made on the basis of the reports of independent stock analysts monitoring the financial and commercial results of ING Bank Śląski S.A. and issuing recommendations for bank shares.

None of the estimates or recommendations presented below shall be seen as a forecast or opinion of the ING Bank Śląski S.A. Management Board. Management Board of the Bank did not publish any forecasts of the Company's results.

Consensus

(Average based on analysts forecasts)
 

mln PLN 2021 2022 2023
Net profit 2 169 2 560 2 830
number of previews 10 10 10
Last update:  03.01.2022
The oldest forecast: 25.08.2021

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Rating

  • Fitch Ratings

  • Moody's Investors Service

Fitch Ratings

Fitch Ratings

Long-term Issuer Default Rating (IDR): A+
Long-term IDR Outlook: Stable
Short-term Issuer Default Rating: F1+
Viability Rating: bbb+
Shareholder Support Rating: a+
National Long-term Rating: AAA (pol)
National Long-term Rating Outlook: Stable
National Short-term Rating: F1+ (pol)

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Moody's Investors Service

Moody's Investors Service

Long-term Deposits Rating: A2
Short-term Deposits Rating: P-1
Baseline Credit Assessment (BCA): baa2
Adjusted Baseline Credit Assessment (Adjusted BCA): baa1
Outlook: Stable
Counterparty Risk Assessment (CR Assessment) long-term/short-term: A1 (cr) / P-1 (cr)
Counterparty Risk Rating (CR Rating) long-term/short-term: A1 / P-1

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Contact us

Investor Relations Bureau

e-mail: investor@ing.pl

tel.: +48 (22) 820 44 16

Address:
ul. Puławska 2, 02-566 Warsaw, Poland

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