Locked content Fitch Upgrades Poland’s ING Bank Śląski to ‘A’

Fitch Ratings has upgraded the Foreign-Currency Long-term Issuer Default Rating (IDR) of ING Bank Śląski to ‘A’ from ‘A-‘, and affirmed its Support Rating at ‘1’. The Outlook on the IDR is Stable. The upgrade of Bank Slaski’s IDR reflects the upgrade of its ...

Locked content ING net profit at PLN 1.12 bln in 2015

Commercial ING Bank Śląski recorded a consolidated net profit of PLN 1.12 billion in 2015, compared with PLN 1.04 billion in 2014, the bank stated in a report. The bank’s assets stood at PLN 108.8 billion at the end of 2015, versus PLN 99.86 billion in the previous year. The lender’s net...

Locked content ING presses JSW to buy back its bonds

Commercial lender ING Bank Śląski, the only private debtholder of Polish troubled coking coal producer Jastrzębska Spółka Węglowa (JSW), is pressing the miner to buy back some of its bonds in the near term, Puls Biznesu daily reported on Friday quoting sources close to the bank. The miner asked its ...

Locked content ING Bank Śląski net profits up in Q1

ING Bank Śląski, Polish unit of  Dutch ING recorded a 2 percent growth in first-quarter net profits, totaled PLN 261 million, compared with PLN 254.6 million in the corresponding period of last year. Market consensus amounted PLN 236 million. Experts surveyed by the ISBnews agency expected net profi...

Locked content ING insurer changes name to Nationale-Nederlanden

ING Group has spun off its investment and insurance operations and transformed them to Nationale-Nederlanden Group. In Poland, the insurer will start operating under the new name since July 20, 2015. The change does not apply to ING Bank Śląski. Before April 2008, ING insurance arm operated under th...

ING: only half of Poles have savings

Poles possess only 15 to 16 percent of the financial assets that Germans or Italians have at their disposal, and only half of us have savings, according to a survey by ING lender conducted in 13 European countries.

Locked content ING BSK net profit up

Commercial lender ING Bank Śląski reported a net profit of PLN 1.04 billion in 2014, compared with PLN 961.6 million in the previous year. The total value of the bank’s assets stood at 99.86 billion at the end of 2014. ING Bank Śląski is an ING Group-owned Polish bank based in Katowice. It has...

Poles to spend PLN 30 bln during winter season

Poles will spend PLN 29.9 billion on Christmas, New Year’s Eve and on vacation during the winter break, some 7 percent more than in the 2013/2014 season, according to consultancy KPMG. The sum corresponds to an average spending of PLN 1,031 per household, versus PLN 979 last year.