ING Bank Slaski S.A. Announces Consolidated and Standalone Earnings Results for the Third Quarter Ended September 30, 2018; Announces Impairments for the Third Quarter Ended September 30, 2018
November 07, 2018 at 04:53 am EST
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ING Bank Slaski S.A. announced consolidated and standalone earnings results for the third quarter ended September 30, 2018. For the quarter, on consolidated basis, the company announced net interest income was PLN 961.2 million, net fee earnings of PLN 316.5 million, pre-tax profit of PLN 500.6 million and attributable net profit of PLN 378.8 million against net interest income was PLN 868.9 million, net fee earnings of PLN 309.9 million, and attributable net profit of PLN 375.7 million a year ago. Earnings per ordinary share were PLN 2.91 against PLN 2.89 a year ago.
For the nine months, on consolidated basis, the company announced net interest income was PLN 2,764.2 million, net commission earnings of PLN 974.2 million, attributable net profit of PLN 1,073.7 million against net interest income was PLN 2,494.2 million, net fee earnings of PLN 893.8 million, and attributable net profit of PLN 1,036.3 million a year ago. Earnings per ordinary share were PLN 8.25 against PLN 7.97 a year ago.
For the quarter, on standalone basis, the company announced net interest income was PLN 924.5 million, net commission earnings of PLN 300.3 million, and net profit of PLN 378.8 million against net interest income was PLN 835.1 million, net commission earnings of PLN 296.5 million, and net profit of PLN 375.7 million a year ago. Earnings per ordinary share were PLN 2.91 against PLN 2.89 a year ago.
For the nine months, on standalone basis, the company announced net interest income was PLN 3,328.2 million, net commission earnings of PLN 927.6 million, net profit of PLN 1,073.7 million against net interest income was PLN 2,394.5 million, net commission earnings of PLN 856.3 million, and net profit of PLN 1,036.3 million a year ago. Earnings per ordinary share were PLN 8.25 against PLN 7.97 a year ago.
For the quarter, the company announced impairments (net) of PLN 133.9 million.
ING Bank Slaski SA is a Poland-based commercial Bank. The Bank divides its business into two segments: Retail Banking segment and Corporate Banking segment. Its offer includes currents accounts, savings, credits and loans credit and paying cards, insurances, electronic banking, broker activities and fund management and other activities connected with finance, insurance and pension funds. As of December 31, 2012, the Bankâs subsidiaries and affiliated entities were ING Securities SA, Centrum Banku Slaskiego Sp. z o.o., ING ABL Polska SA, ING Uslugi dla Biznesu SA, Solver Sp. z o.o. and ING Powszechte Towarzystwo Emerytalne SA. The Bankâs major shareholder was ING Bank NV, with a 75% stake of its capital.
ING Bank Slaski S.A. Announces Consolidated and Standalone Earnings Results for the Third Quarter Ended September 30, 2018; Announces Impairments for the Third Quarter Ended September 30, 2018