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ING Bank Śląski S.A. Group has compiled the annual report in line with the best global practices of integrated reporting. To help readers use the interactive tools, we prepared a user guide with key features. We encourage you to watch a short animated video before reading the report.

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Integrated Annual Report
of ING Bank Śląski S.A. 2019

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Our financial results

In this chapter, we have described our financial results on both consolidated- and stand-alone basis. We indicate the most important factors that have influenced the results reported. We also present five-year historical data so that the readers may observe trends. We believe that transparent presentation of our financial results will help our stakeholders take their future investment decisions.

dane-finansowe dane-finansowe
  • [201-1]
    Ratios of standard entry level wage by gender compared to local minimum wage
 Change currency: PLNEURUSD
Abridged information on the financial results of ING Bank Śląski S.A. Group for 2015 to 2019
PLN million 2019 2018 2017 2016 2015 Change 2019 to 2018
Income* 5,796 5,232 4,769 4,325 3,778 10.8%
Cost 2,497 2,327 2,136 2,099 2,156 7.3%
Risk cost 605.5 500.9 421.2 300.6 232,1 20.9%
Profit before tax 2,258 2,031 1,882 1,645 1,390 11.2%
Net profit** 1,659 1,524 1,403 1,253 1,127 8.9%
Balance sheet total 158,611 141,813 126,014 117,478 108,893 11.8%
Liabilities to customers 130,474 117,683 104,503 95,825 87,866 10.9%
Net loans and other receivables to customers*** 118,288 103,126 87,544 78,070 70,036 14.7%
Equity** 15,223 13,322 11,795 10,475 10,678 14.3%
Earnings per share in PLN 12.75 11.71 10.78 9.63 8.66 8.9%
Dividend per share in PLN for given year 3.50 3.20 0.00 4.30

*Including net profit of affiliated entities recognised on an equity basis.

** Attributable to shareholders of the parent entity.

*** Eurobonds excluded.

Abridged information on the financial results of ING Bank Śląski S.A. Group for 2015 to 2019
PLN million 2019 2018 2017 2016 2015 Change 2019 to 2018
Income* 1 347.4 1 226.3 1 123.5 988.3 902.8 9.9%
Cost 580.5 545.3 503.2 479.7 515.1 6.5%
Risk cost 140.8 117.4 99.2 68.7 55.5 19.9%
Profit before tax 524.9 476.0 443.4 375.8 332.2 10.3%
Net profit** 385.6 357.1 330.6 286.4 269.3 8.0%
Balance sheet total 37 245.7 32 979.7 30 212.6 26 554.6 25 552.8 12.9%
Liabilities to customers 30 638.4 27 368.0 25 055.3 21 660.4 20 618.6 11.9%
Net loans and other receivables to customers*** 27 776.9 23 982.7 20 989.2 17 646.8 16 434.6 14.7%
Equity** 3 574.8 3 098.0 2 827.9 2 367.7 2 505.7 15.4%
Earnings per share in PLN 2.96 2.74 2.54 2.20 2.07 8.0%
Dividend per share in PLN for given year 0.8 0.8 0.00 1.0

*Including net profit of affiliated entities recognised on an equity basis.

** Attributable to shareholders of the parent entity.

*** Eurobonds excluded.

Abridged information on the financial results of ING Bank Śląski S.A. Group for 2015 to 2019
PLN million 2019 2018 2017 2016 2015 Change 2019 to 2018
Income* 1 507.9 1 444.3 1 273.8 1 089.8 996.1 4.4%
Cost 649.7 642.3 570.5 529.0 568.4 1.2%
Risk cost 157.5 138.3 112.5 75.8 61.2 13.9%
Profit before tax 587.4 560.6 502.7 414.4 366.6 4.8%
Net profit** 431.5 420.6 374.8 315.8 297.1 2.6%
Balance sheet total 41 764.9 37 719.2 36 197.4 28 109.4 27 913.4 10.7%
Liabilities to customers 34 355.9 31 301.0 30 018.5 22 928.6 22 523.4 9.8%
Net loans and other receivables to customers*** 31 147.3 27 429.3 25 146.9 18 680.0 17 952.9 13.6%
Equity** 4 008.6 3 543.3 3 388.0 2 506.4 2 737.2 13.1%
Earnings per share in PLN 3.32 3.23 2.88 2.43 2.28 2.6%
Dividend per share in PLN for given year 1.0 0.9 0.00 1.1

*Including net profit of affiliated entities recognised on an equity basis.

** Attributable to shareholders of the parent entity.

*** Eurobonds excluded.

The following exchange rates are used by the bank to convert the above data into EUR:

  • for the statement of financial position items – the exchange rate of the National Bank of Poland as at 31 December,
  • for the income statement items – the exchange rate is calculated as the average of the National Bank of Poland’s rates effective as at the last day of each month throughout the year.
EUR/PLN exchange rate
2019 2018 2017 2016 2015
For statement of financial position items 4.2585 4.3000 4.1709 4.4240 4.2615
For income statement items 4.3018 4.2669 4.2447 4.3757 4.1848
Abridged information on the financial results of ING Bank Śląski S.A. Group in 2015-2019
EUR million 2019 2018 2017 2016 2015 Change
2019 to 2018
Income* 1,347 1,226 1,124 988 903 9.9%
Cost 581 545 503 480 515 6.5%
Risk cost 141 117 99 69 55 19.9%
Profit before tax 525 476 443 376 332 10.3%
Net profit** 386 357 331 286 269 8.0%
Balance sheet total 37,246 32,980 30,213 26,555 25,553 12.9%
Liabilities to customers 30,638 27,368 25,055 21,660 20,619 11.9%
Net loans and other receivables to customers*** 27,777 23,983 20,989 17,647 16,435 15.8%
Equity** 3,575 3,098 2,828 2,368 2,506 15.4%
Earnings per share in PLN 2.96 2.74 2.54 2.2 2.07 8.0%
Dividend per share in PLN for given year 0.82 0.75 0 1.03

*Including the net profit of associated entities accounted for using the equity method.

** Attributable to shareholders of the parent company.

*** Excluding Eurobonds.

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