ING Bank Śląski Q4 profit soars

WSE-listed ING Bank Śląski posted a PLN 366.8 million attributable net profit in Q4, up by 43.9 percent y/y, and down by 2.4 percent q/q, according to the company’s preliminary figures. Revenue from interests increased by 11.7 percent y/y to PLN 904.5 million, while earnings from fees and commissions, increased up by 4.8 percent y/y to PLN 297. 1million. Bank’s assets amounted to PLN 126 billion at end-2017 compared to PLN 117.48 billion in 2016. For the whole 2017, net profit reached PLN 1.4 billion, up by 12 percent y/y.