UPDATE: ING BSK lender posts over PLN 1.11 bln net profit in Q3 2025, above expectations

The expectations of eight brokerage houses regarding the bank's net profit in the third quarter of 2025 ranged from PLN 1,024 million (EUR 241.7 mln) to PLN 1,140.3 million (EUR 269.1 mln).

After the three quarters of 2025, the group achieved a net profit of PLN 3,261 million (EUR 769.6 mln) against PLN 3,060 million (EUR 722.2 mln) in the prior year period.

"In the past quarter, we recorded an increase in the basic data concerning our operations," said ING's CEO Michal Boleslawski, quoted in the press release following the publication of the bank's quarterly report.

"We have set an absolute record in mortgages. In the third quarter, we achieved PLN 5 billion in new sales. (...) Thanks to these results, we took second place on the market with a share of nearly 18 percent," he added.

The CEO pointed out that ING BSK has also achieved the highest quarterly sales of cash loans in its history, recording a 26 percent year-on-year increase.

"On the corporate loan side, the growth is less visible, but it reflected the situation in the economy and the prolonged wait for an increase in investment levels," Boleslawski added.

Lender's net interest income in the third quarter amounted to PLN 2,192 million (EUR 517.3 mln), nearly in line with the PAP Biznes consensus. This result was 3 percent lower on an annual basis and 0.9 percent higher in quarterly terms.

The quarterly interest margin fell to 3.15 percent from 3.2 percent in the second quarter of 2025.

ING BSK saw its net provisioning balance rising by 2.7 percent year on year and by 2.4 percent quarter on quarter to PLN 598 million (EUR 141.1 mln). This result turned out to be 1 percent above the estimate of analysts surveyed by PAP Biznes.

The bank reported a quarterly increase in currency exchange transactions and income from payment and credit cards as a result of higher customer transaction volumes.

Total operating expense (OPEX) amounted to PLN 1,047 million (EUR 247.1 mln), in line with the consensus. Total costs increased by 9.5 percent year on year, while declining by 0.8 percent on a quarterly basis.

The balance of provisions amounted to PLN 251 million (EUR 59.2 mln), in line with the PAP Biznes consensus, down 27.9 percent year on year on a 30.7-percent quarterly increase.

The quarterly risk cost margin rose to 0.57 percent from 0.45 percent in the second quarter.

Total customer loans increased by 7 percent year on year and by 2 percent on a quarterly basis to PLN 177.1 billion (EUR 41.8 bln), with retail loans increasing by 13 percent year on year and by 3 percent quarter on quarter.

The corporate loan portfolio grew by 3 percent year on year, while remaining unchanged on a quarterly basis.

In the third quarter of 2025, ING BSK granted PLN 5 billion (EUR 1.2 bln) in mortgage loans, up by 46 percent year on year and by 2 percent quarter on quarter, which translates into a 17.7 percent market share.

During this period, ING also granted PLN 1.9 billion (EUR 448.4 mln) in cash loans, an increase of 26 percent year on year and of 10 percent in quarterly terms.

The total capital ratio is 14.85 percent, and the Tier 1 capital ratio stands at 13.97 percent.

seb/ ao/ han/