ING Bank Slaski SA
ING Bank Śląski SA provides a range of banking and financial services, including retail and corporate banking, investment services, and asset management.
Business. ING Bank Slaski SA (INGP.WA) is a banking institution headquartered in Poland that operates within the Financials sector. The company generates revenue primarily through interest income, consistent with standard banking industry models. It is listed on the Warsaw Stock Exchange under the ticker INGP.WA. Specific details regarding operating segments or geographic revenue breakdowns are not available.
Analyst recommendations
6 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Peers
- DividendDividend USD 1.75/sh2026-09-25 · Bank of America (BAC)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · JPMorgan Chase (JPM)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · Citigroup (C)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
ING Bank Slaski SA (INGP.WA) is a banking institution headquartered in Poland that operates within the Financials sector. The company generates revenue primarily through interest income, consistent with standard banking industry models. It is listed on the Warsaw Stock Exchange under the ticker INGP.WA. Specific details regarding operating segments or geographic revenue breakdowns are not available.
ING Bank Śląski SA maintains a debt-to-equity ratio of 1.25, indicating a moderate level of leverage. The company's liquidity is assessed as medium, with a negative net cash position after subtracting total debt. Free cash flow stands at 1.0 billion PLN, suggesting the company generates sufficient cash to support operations and potentially fund dividends or share repurchases.
Profitability metrics show a return on equity (ROE) of 6.81% and a return on assets (ROA) of 0.39%. These figures are below the industry median for banks, indicating that the company is underperforming in terms of capital efficiency and asset utilization. The net income of 964.7 million PLN on total assets of 249.3 billion PLN reflects a relatively modest return for a bank of its size.
The company's revenue is concentrated in its domestic market, with no significant international operations disclosed in the available data. This lack of geographic diversification may expose the company to local economic and regulatory risks. No specific segments are disclosed, but the company operates primarily in retail and corporate banking.
ING Bank Śląski SA reported revenue of 2.04 billion PLN in the latest period. While the company's operating cash flow is negative at -2.44 billion PLN, the free cash flow remains positive, indicating that capital expenditures are being managed effectively. The company's capital expenditure of -69.4 million PLN is relatively small compared to its overall financials.
The company faces a medium liquidity risk, with a negative net cash position after subtracting total debt. Dilution risk is assessed as low, with no significant dilution expected in the near term. The risk assessment does not indicate any major regulatory or geopolitical risks, but the company's exposure to local economic conditions remains a concern.
Recent analyst estimates suggest a mean price target of 381.06 PLN and a median price target of 392.00 PLN. The mean recommendation is 2.83, indicating a slight bias toward a hold or buy rating. There are two strong-buy ratings and two hold ratings, with no buy ratings reported.
- ING Bank Śląski SA has a moderate debt-to-equity ratio of 1.25, indicating a balanced capital structure.
- The company's ROE of 6.81% and ROA of 0.39% are below the industry median, suggesting underperformance in capital efficiency.
- Free cash flow of 1.0 billion PLN supports operational flexibility and potential shareholder returns.
- The company's revenue is concentrated in its domestic market, increasing exposure to local economic and regulatory risks.
- Analysts have a mixed outlook, with a mean recommendation of 2.83 and a median price target of 392.00 PLN.
Bull / Bear case
Generated · model-assistedNet income grew at a 19.0% CAGR over four years, reaching 4.6 billion PLN in FY2026.
Revenue expanded at a 15.6% CAGR, demonstrating strong top-line growth momentum through FY2026.
Return on equity of 6.8% outperforms the 6.2% median benchmark for the broader banking sector.
Total assets grew at an 8.7% CAGR, indicating consistent balance sheet expansion over five years.
Free cash flow plummeted to 109 million PLN in FY2025, a sharp decline from prior years.
Cash conversion ratio of -2.53 places the bank in the bottom quartile of its peer cohort.
Debt-to-equity ratio of 1.25 is substantially higher than the 0.29 median for the banking cohort.
Analysts assign a hold recommendation with a mean price target implying 11.5% downside.
The company faces a medium level of liquidity risk according to current risk flag assessments.
In focus — financials by report
Revenue PLN 2.33B, +5,5% YoY; Net income −18,8% YoY.
- ▍Revenue PLN 2.33B, +5,5% YoY
- ▍Net income −18,8% YoY
- ▍Free cash flow −21,2% YoY
- ▍Net margin 35.3%
Revenue PLN 2.29B, +1,5% YoY; Net income +4,8% YoY.
- ▍Revenue PLN 2.29B, +1,5% YoY
- ▍Net income +4,8% YoY
- ▍Free cash flow +5,9% YoY
- ▍Net margin 59.8%
Revenue PLN 2.19B, −3,0% YoY; Net income +0,9% YoY.
- ▍Revenue PLN 2.19B, −3,0% YoY
- ▍Net income +0,9% YoY
- ▍Free cash flow −2,7% YoY
- ▍Net margin 50.7%
Revenue PLN 2.17B, +6,5% YoY; Net income +17,6% YoY.
- ▍Revenue PLN 2.17B, +6,5% YoY
- ▍Net income +17,6% YoY
- ▍Free cash flow +15,2% YoY
- ▍Net margin 52.2%
Revenue PLN 2.21B; Net margin 45.9%.
- ▍Revenue PLN 2.21B
- ▍Net margin 45.9%
Revenue PLN 2.26B; Net margin 57.9%.
- ▍Revenue PLN 2.26B
- ▍Net margin 57.9%
Revenue PLN 8.87B, +1,7% YoY; Net income +6,0% YoY.
- ▍Revenue PLN 8.87B, +1,7% YoY
- ▍Net income +6,0% YoY
- ▍Free cash flow +1 155,0% YoY
- ▍Net margin 52.2%
Revenue PLN 8.72B, +6,8% YoY; Net income −1,6% YoY.
- ▍Revenue PLN 8.72B, +6,8% YoY
- ▍Net income −1,6% YoY
- ▍Free cash flow −97,5% YoY
- ▍Net margin 50.1%
Revenue PLN 8.17B, +12,6% YoY; Net income +159,0% YoY.
- ▍Revenue PLN 8.17B, +12,6% YoY
- ▍Net income +159,0% YoY
- ▍Free cash flow +329,5% YoY
- ▍Net margin 54.4%
Revenue PLN 7.26B, +46,1% YoY; Net income −25,7% YoY.
- ▍Revenue PLN 7.26B, +46,1% YoY
- ▍Net income −25,7% YoY
- ▍Free cash flow −42,7% YoY
- ▍Net margin 23.6%
Revenue PLN 4.97B; Net margin 46.4%.
- ▍Revenue PLN 4.97B
- ▍Net margin 46.4%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 32,11 |
| Revenue | —no estimate | —no estimate | 12,2B PLN |
| Operating income | —no estimate | —no estimate | 7,6B PLN |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- ING Bank Slaski SA Market data — financials · 2026-05-28
- ING Bank Slaski SA Market data — analyst estimates · 2026-05-28