ING Bank Śląski S.A.

In June 2001 ING Bank became a major shareholder of Bank Slaski and from September 6, 2001 Bank Slaski, a member of the ING Group, started operating under a new name ING Bank Slaski SA. ING Bank Slaski is a universal bank, offering individual and corporate customers a broad range of retail, corporate and private banking products and services.

Contacts 
    Address  ul. Sokolska 34, 40-086, Katowice, Poland
    Website  http://www.ingbank.pl/
Member of Group   ING Group (Netherlands)
Business Description 
    Services  retail banking
private banking
corporate banking
    Products  current accounts
savings accounts
time deposit accounts
investment funds
consumer loans
mortgage loans
business loans
Financial Positions
    Total Assets (2015)  108.89 bln PLN ↑ (+9.04%)
    Total Equity (2015)  10 681.00 mln PLN ↑ (+2.14%)
Profit and Loss
    Net Income (2015)  1 127.00 mln PLN ↑ (+8.26%)
Number of Employees (2015)  8 189 ↑ (+0.39%)
Credit Ratings (as of Apr 2016)
    Fitch  A- (high credit quality)
    Moody's  A3 (upper medium grade)
    S&P's  - (not rated)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Bank Identifiers
    MFI ID  PL00105
European Presence  16 banks in 16 countries

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account. The following current account products are offered by ING Bank Śląski S.A.:

ProductAccount CurrencyAnnual Costs (PLN)Debit CardCredit CardProduct Link
 Konto z Lwem Direct [PL]PLN0.00View Product
 Konto z Lwem Direct [PL]PLN84.00View Product
 Konto z Lwem Direct [PL]PLN0.00View Product
 Konto z Lwem Direct [PL]PLN84.00View Product

[PL] This product is offered to Polish residents only. When clicking on the product link you will be redirected to the product page in Polish.

See Also: Current Accounts in Poland

Financial Positions

In 2015 total assets of ING Bank Śląski S.A. were 108.89 bln PLN. Growth compared to the previous period (2014) was 9.04%. The evolution of the total assets of ING Bank Śląski S.A. is shown at Chart 1 below.

Total Assets of ING Bank Śląski S.A..
Chart 1. Total Assets of ING Bank Śląski S.A..

Recent changes in total assets of ING Bank Śląski S.A. and its main components are shown in Table 1.

2014 2015 % change
Loans 62.8 74.1 +17.98% ↑
Total Assets 99.9 108.9 +9.04% ↑
Table 1. Recent changes in total assets of ING Bank Śląski S.A. (bln PLN).

Recent changes in total liabilities of ING Bank Śląski S.A. and its main components are shown in Table 2.

2014 2015 % change
Deposits 75.7 87.8 +16.07% ↑
Total Liabilities 99.9 108.9 +9.04% ↑
Table 2. Recent changes in total liabilities of ING Bank Śląski S.A. (bln PLN).

Profit and Loss

In 2015 net income of ING Bank Śląski S.A. was 1 127.00 mln PLN. Growth compared to the previous period (2014) was 8.26%. The evolution of the net income of ING Bank Śląski S.A. is shown at Chart 2 below.

Net Income of ING Bank Śląski S.A..
Chart 2. Net Income of ING Bank Śląski S.A..

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, ING Bank Śląski S.A. is rated by Fitch and Moody's.

Credit ratings assigned to ING Bank Śląski S.A. as of April 2016 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for ING Bank Śląski S.A. it is set to A- (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for ING Bank Śląski S.A. is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  bbb+
Support Rating  1
Support Rating Floor  -

Viability rating for ING Bank Śląski S.A. is set to bbb+ (good fundamental credit quality); support rating is 1 (extremely high probability of external support); support rating floor is not set.

Moody's

Long-term rating for ING Bank Śląski S.A. it is set to A3 (upper medium grade). Long-term bank deposit rating is A3 (upper medium grade). Bank financial strength rating is baa3. Short-term rating is not assigned.

Long-Term Rating  A3
Long-Term Bank Deposit Rating  A3
Bank Financial Strength Rating  baa3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of ING Bank Śląski S.A. is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Poland are obliged to participate in Polish deposit guarantee scheme.

In the case of ING Bank Śląski S.A. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  deposits in all the accounts (e.g. term deposits, current accounts, savings accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  PLN

Further Information: Deposit Guarantee Scheme in Poland

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  No
Exempt from MRR by ECB  No

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of ING Bank Śląski S.A. is shown in the table below.

MFI ID  PL00105

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Belgium

Bulgaria

Czech Republic

France

Hungary

Ireland

Italy

Monaco

Netherlands

Poland

  •  (this bank) ING Bank Śląski S.A. (Katowice)

Portugal

Romania

Slovakia

Spain

Turkey

United Kingdom

Related Information on Poland

  Economy and Banking Sector of Poland

  List of Banks in Poland

Compare Banking Products

 Current Accounts in Poland

 Time Deposit Accounts in Poland


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Country Information

  Economy and Banking Sector of Poland

  List of Banks in Poland


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