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Polish subsidiary of Dutch ING Group, offering retail and corporate banking with a mobile-first strategy.
Polish subsidiary of Dutch ING Group, offering retail and corporate banking with a mobile-first strategy.
Earns mostly net interest on loans funded by deposits, with fees on accounts and cards, and was an early mover in online and mobile banking in Poland. Its Dutch parent supplies group technology and risk models and an international network that helps with multinational corporate clients.
In one line: A Polish ING Direct-style digital bank with full branches.
Moat: narrow (scale, switching costs, brand). Strong mobile banking adoption and ING parent backing, competing in a concentrated Polish banking market.
Headquarters: Katowice, Poland · Founded: 1989 · Employees: 7,646
Size ING Bank Slaski (ING.WA) is a Poland Financials company (Regional Banks) with a market value of $15.7B, the 7th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 473.00 on 6 Nov 2026.
Performance Over six months the shares gained 19.5%, against +6.8% for the median peer and +14.3% for the Poland market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 3.6% over the last twelve months (peer median -1.8%); the operating margin is 50.6% (peer median 41.6%).
Valuation It trades at 3.24× book value against a peer median of 1.31× (most expensive of 21).
Price implies The share price implies a return on equity of about 33.8%; ING Bank Slaski delivers 23.7%, so the price asks more than the business earns today.
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 17.8B | PLN 17.4B | PLN 16.2B | PLN 15.5B | PLN 10.8B |
| Revenue growth | — | +7% | +5% | +43% | — |
| Net income | PLN 4.52B | PLN 4.63B | PLN 4.37B | PLN 4.44B | PLN 1.71B |
| Free cash flow | PLN 911M | PLN 5.00B | PLN 3.28B | PLN 5.33B | PLN 4.72B |
| Capital expenditure | PLN 406M | PLN 311M | PLN 261M | PLN 319M | PLN 268M |
| Total debt | PLN 29.8B | PLN 19.6B | PLN 18.2B | PLN 16.2B | PLN 8.28B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| ING Bank Slaski ING.WA | $15.7B | +20% | +4% | 24% | 3.24× | 33.8% |
| PKO Bank Polski PKO.WA | $36.5B | +18% | -2% | 20% | 2.56× | 31.9% |
| Bank Polska Kasa Opieki PEO.WA | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% |
| mBank MBK.WA | $17.7B | +37% | -1% | 19% | 3.05× | 37.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ING.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.4% | +1.2% | 7th highest of 21 |
| 6-month return | +19.5% | +6.8% | 7th highest of 21 |
| Return on equity | 23.7% | 10.2% | 2nd highest of 21 |
| Price / book | 3.24× | 1.31× | most expensive of 21 |
| Trailing P/E | 13.6× | 13.4× | 10th most expensive of 20 |
| ROE the price implies | 33.8% | 7.9% | most demanding of 20 |
| ROE delivered | 23.7% | 10.8% | 2nd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| ING Bank Slaski ING.WA | Poland | $15.7B | +20% | +4% | 24% | 3.24× | 33.8% | 23.7% |
| Banco Santander-Chile Sponsored ADR BSAC | United States | $15.2B | +7% | +18% | 25% | 3.00× | 17.6% | 24.9% |
| Pinnacle Financial Partners PNFP | United States | $15.2B | +3% | +100% | 10% | 1.10× | 10.7% | 9.6% |
| Banque Cantonale Vaudoise BCVN.SW | Switzerland | $14.4B | +20% | -8% | 12% | 3.07× | n/a | 11.6% |
| Bank Polska Kasa Opieki PEO.WA | Poland | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% | 18.2% |
| Bank of Shanghai 601229.SS | China | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% | 7.5% |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% | 16.6% |
| Taiwan Cooperative Financial Hl 5880.TW | Taiwan | $13.6B | +22% | -3% | 9% | 1.55× | 4.8% | 8.9% |
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Bank of Chengdu 601838.SS | China | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% | 15.1% |
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| CNPC Capital 000617.SZ | China | $12.3B | -31% | -14% | 5% | 0.76× | 7.9% | 4.6% |
| Erste Bank Polska EBP.WA | Poland | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% | 15.6% |
| Hua Nan Financial 2880.TW | Taiwan | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% | 14.1% |
| Chongqing Rural Commercial Bank 601077.SS | China | $11.7B | -1% | -1% | 9% | 0.57× | 2.3% | 9.4% |
| IBK 024110.KS | South Korea | $11.4B | -14% | +28% | 8% | 0.49× | 4.2% | n/a |
| Yokohama Financial 7186.T | Japan | $11.1B | +7% | +21% | 8% | 1.21× | 8.1% | 8.0% |
| First Horizon FHN | United States | $10.9B | -6% | -8% | 8% | 1.34× | 9.7% | 8.0% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| Chiba Bank 8331.T | Japan | $10.3B | +9% | +31% | 8% | 1.28× | 6.9% | 8.3% |