ING Bank Śląski | Annual Report 2014

ING BANK ŚLĄSKI

ING BANK ŚLĄSKIAnnual Report 2014

Financial summary

Abridged information on financial results of the ING Bank Śląski S.A. Capital Group for the years 2007 to 2014
  2014 2013 2012 2011 2010 2009 2008 2007
PLN million                
Income3 3,544.8 3,328.5 3,245.1 2,990.0 2,747.2 2,548.6 2,132.5 2,076.9
Costs 1,929.7 1,868.4 1,866.2 1,700.0 1,609.5 1,505.9 1,503.9 1,393.1
Risk costs 267.7 267.2 362.8 172.4 203.6 304.4 65.6 -103.2
Gross profit 1,347.4 1,192.9 1,016.1 1,117.6 934.1 738.3 563.0 787.0
Net profit4 1,040.7 961.5 832.3 880.1 753.1 595.1 445.4 630.7
PLN million                
Balance sheet total 99,861 86,751 78,267 69,723 64,518 59,883 69,611 52,011
Liabilities to customers 75,659 67,548 57,898 52,861 47,448 47,319 46,910 43,647
Net loans and other receivables to customers5 57,131 48,552 45,206 38,457 31,241 26,704 23,931 16,379
Off-balance sheet liabilities 364,714 271,183 188,623 209,041 163,221 145,667 292,132 234,247
Equity6 10,454 8,626 8,134 6,414 5,651 4,884 4,222 3,839
%                
Total Capital Ratio7 14.2 17.3 14.6 11.9 13.2 12.0 10.4 13.1
Net profit/Balance sheet total ROA) 1.1 1.2 1.1 1.3 1.2 0.9 0.7 1.2
Net profit/Equity (ROE) 11.1 11.6 11.7 14.7 14.2 13.1 11.0 16.7
Costs/Income 54.4 56.1 57.5 56.9 58.6 59.1 70.5 67.1
PLN                
Earnings per share8 8.00 7.39 6.40 6.76 5.79 4.57 3.42 4.85
Dividend per share 4.00 9 4.40 0.00 0.00 1.50 0.00 0.00 1.17

 Including net profit of affiliated entities recognised on an equity basis.
4  Attributable to ING Bank Śląski S.A. shareholders.
5  Eurobonds excluded.
6  Attributable to ING Bank Śląski S.A. shareholders.
7  Since 2014 the total capital ratio (previously solvency ratio) has been calculated under the CRD IV/CRR (Basel III) regulations.
8  Upon making data comparable (split of the face value of shares 1:10 in November 2011).
9  Following the information provided in the current report no. 2/2015 of 11 February 2015, the Management Board of ING Bank Śląski S.A. intend to recommend the General Meeting to adopt a resolution on earmarking for dividend payout approx. 50% of net profit of the ING Bank Śląski S.A. Capital Group for 2014. Assuming that the General Meeting will approve the proposal of the Bank Management Board, the amount earmarked for the dividend will be approximately PLN 520.4 million (PLN 4.00 per share).

Abridged information on financial results of the ING Bank Śląski S.A. Capital Group for the years 2007 to 2014​
(converted into EUR)
  2014 2013 2012 2011 2010 2009 2008 2007
EUR million                
Income 846.2 790.4 777.5 722.2 686.0 587.2 603.7 549.9
Costs 460.6 443.7 447.1 410.6 401.9 346.9 425.8 368.9
Risk costs 63.9 63.5 86.9 41.6 50.8 70.1 18.6 -27.3
Gross profit 321.6 283.3 243.5 269.9 233.3 170.1 159.4 208.4
Net profit 248.4 228.3 199.4 212.6 188.1 137.1 126.1 167.0
EUR million                
Balance sheet total 23,429 20,918 19,145 15,786 16,291 14,576 16,684 14,520
Liabilities to customers 17,751 16,288 14,162 11,968 11,981 11,518 11,243 12,185
Net loans and other receivables to customers 13,404 11,707 11,058 8,707 7,889 6,500 5,736 4,573
Off-balance sheet liabilities 85,567 65,389 46,138 47,329 41,214 35,458 70,015 65,396
Equity 2,453 2,080 1,990 1,452 1,427 1,189 1,012 1,072
%                
Total Capital Ratio 14.2 17.3 14.6 11.9 13.2 12.0 10.4 13.1
Net profit/Balance sheet total (ROA) 1.1 1.2 1.1 1.3 1.2 0.9 0.7 1.2
Net profit/Equity (ROE) 11.1 11.6 11.7 14.7 14.2 13.1 11.0 16.7
Costs/Income 54.4 56.1 57.5 56.9 58.6 59.1 70.5 67.1
EUR                
Earnings per share 1.91 1.75 1.53 1.63 1.45 1.05 0.97 1.28
Dividend per share 0.95 1.04 0.00 0.00 0.37 0.00 0.00 0.31
The following exchange rates are used by the Bank to convert the above data into EUR:
for the income statement items – the exchange rate is calculated as the average of the National Bank of Poland’s
rates effective as at the last day of each month in the year:  X+
  • 2014: PLN 4.1893
  • 2013: PLN 4.2110
  • 2012: PLN 4.1736
  • 2011: PLN 4.1401
  • 2010: PLN 4.0044
  • 2009: PLN 4.3406
  • 2008: PLN 3.5321
  • 2007: PLN 3.7768
for the statement of financial position items – the exchange rate of the National Bank of Poland
as at 31 December of the year:  X+
  • 2014: PLN 4.2623
  • 2013: PLN 4.1472
  • 2012: PLN 4.0882
  • 2011: PLN 4.4168
  • 2010: PLN 3.9603
  • 2009: PLN 4.1082
  • 2008: PLN 4.1724
  • 2007: PLN 3.5820

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