Interim report
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ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2025
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 2 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Content SELECTED FINANCIAL DATA FROM CONSOLIDATED FINANCIAL STATEMENTS 3 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF ING BANK ŚLĄSKI S.A. GROUP 5 Interim condensed consolidated income statement 5 Interim condensed consolidated statement of comprehensive income 6 Interim condensed consolidated statement of financial position 7 Interim condensed consolidated statement of changes in equity 8 Interim condensed consolidated cash flow statement 11 Additional information to the interim condensed consolidated financial statements 12 1. Bank and the Group details 13 2. Significant events in H1 2025 14 3. Significant events after balance sheet date 16 4. Compliance with International Financial Reporting Standards 16 5. Significant accounting principles and key estimates 18 6. Comparability of financial data 23 7. Segment reporting 24 8. Supplementary notes to interim condensed consolidated income statement and interim condensed consolidated statement of financial position 26 9. Dividend payment 38 10. Off-balance sheet items 38 11. Update of information on administrative proceedings and court proceedings regarding WIBOR and free loan sanctions 38 12. Transactions with related parties 39 13. Risk and capital management 42 INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS OF ING BANK ŚLĄSKI S.A. 47 Interim condensed income statement 48 Interim condensed statement of comprehensive income 49 Interim condensed statement of financial position 50 Interim condensed statement of changes in equity 51 Interim condensed cash flow statement 54 Additional information to the interim condensed separate financial statements 55 1. Introduction 55 2. Significant accounting principles and key estimates 56 3. Comparability of financial data 56 4. Supplementary notes to interim condensed separate financial statements 57 5. Capital adequacy 63 6. Dividend payment 63 7. Off-balance sheet items 64 8. Significant events in H1 2025 64 9. Significant events after balance sheet date 64 10. Transactions with related parties 64
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 3 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million SELECTED FINANCIAL DATA FROM CONSOLIDATED FINANCIAL STATEMENTS Selected financial data from the consolidated financial statements in PLN million in EUR million* H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Net interest income 4,384 4,204 1,039 975 Net commission income 1,163 1,147 276 266 Net income on basic activities 5,819 5,447 1,379 1,264 Gross profit 2,786 2,514 660 583 Net profit attributable to the shareholders of ING Bank Śląski S.A. 2,149 1,958 509 454 Earnings per ordinary share (in PLN / in EUR) 16.51 15.05 3.91 3.49 Net cash flows 467 -3,703 111 -859 as at in PLN million in EUR million* 30 Jun 2025 31 Dec 2024 30 Jun 2024 30 Jun 2025 31 Dec 2024 30 Jun 2024 Loans and other receivables to customers at amortized cost (net) 173,321 166,677 161,385 40,859 39,007 37,418 Liabilities to customers 241,938 219,996 213,541 57,035 51,485 49,511 Total assets 281,980 260,359 249,278 66,475 60,931 57,797 Share capital 130 130 130 31 30 30 Equity attributable to the shareholders of ING Bank Śląski S.A. 17,616 17,170 14,173 4,153 4,018 3,286 Book value per share (in PLN / in EUR) 135.40 131.98 108.94 31.92 30.89 25.26 Selected financial data from the separate financial statements in PLN million in EUR million* H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Net interest income 4,176 4,019 989 932 Net commission income 1,122 1,103 266 256 Net income on basic activities 5,546 5,204 1,314 1,207 Gross profit 2,758 2,494 653 579 Net profit 2,149 1,958 509 454 Earnings per ordinary share (in PLN / in EUR) 16.51 15.05 3.91 3.49 Net cash flows 466 -3,702 110 -859 as at in PLN million in EUR million* 30 Jun 2025 31 Dec 2024 30 Jun 2024 30 Jun 2025 31 Dec 2024 30 Jun 2024 Loans and other receivables to customers (net) 163,153 156,496 151,693 38,462 36,624 35,171 Liabilities to customers 242,044 219,941 213,518 57,060 51,472 49,506 Total assets 276,706 254,941 243,764 65,232 59,663 56,518 Share capital 130 130 130 31 30 30 Equity 17,580 17,107 14,066 4,144 4,004 3,261 Book value per share (in PLN / in EUR) 135.13 131.49 108.12 31.86 30.77 25.07 *) the following rates were used to convert the selected data into EUR: − for items of the income statement and for net cash flows - exchange rate calculated as an average of the NBP exchange rates prevailing on the last day of each month in the period of 6 months of 2025 (PLN 4.2208) and 6 months of 2024 (PLN 4.3109), − for items of the statement of financial position - average exchange rate of the NBP valid as at 30 June 2025 (PLN 4.2419), as at 31 December 2024 (PLN 4.2730) and as at 30 June 2024 (PLN 4.3130 ).
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 4 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Key performance indicators as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 C/I - cost/income ratio 45.4% 41.7% 44.5% ROA - return on assets 1.7% 1.7% 1.8% ROE - return on equity 27.1% 26.7% 28.7% NIM - net interest margin 3.4% 3.5% 3.6% L/D - loan-to-deposit ratio 71.6% 75.8% 75.6% Total capital ratio 15.66% 15.67%* 15.42% *) On 29 April 2025, the Ordinary General Meeting of the Bank approved the distribution of the profit for 2024. Including the net profit earned in 2024 as at 31 December 2024 in own funds resulted in an increase in the Group's total capital ratio (TCR) to 15.67%. According to the value presented in the annual consolidated financial statements for 2024, the total capital ratio of the Group as at 31 December 2024 was 14.85%. Explanations: C/I - cost/income ratio - general and administrative expenses to net income on basic activities. ROA - return on assets - net profit attributable to shareholders of ING Bank Śląski S.A. for 4 subsequent quarters to average assets for 5 subsequent quarters. ROE - return on equity - net profit attributable to shareholders of ING Bank Śląski S.A. for 4 subsequent quarters to average equity for 5 subsequent quarters. NIM - total net interest income for 4 consecutive quarters to average interest assets for 5 consecutive quarters. L/D - loans-to-deposits ratio - loans and receivables to customers (net) to liabilities due to customers. Total capital ratio - relationship between own funds and total risk exposure amount.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 5 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF ING BANK ŚLĄSKI S.A. GROUP Interim condensed consolidated income statement Note Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Net interest income 3,453 6,821 3,114 6,346 calculated using the effective interest rate method 3,310 6,511 2,915 5,941 other interest income 143 310 199 405 Interest expense -1,280 -2,437 -1,072 -2,142 Interest income 8.1 2,173 4,384 2,042 4,204 Commission income 747 1,472 719 1,433 Commission expense -163 -309 -148 -286 Net commission income 8.2 584 1,163 571 1,147 Net income on financial instruments measured at fair value through profit or loss and FX result 8.3 171 279 67 86 Net income on the sale of securities measured at amortised cost 8.4 -4 -3 1 -5 Net income on the sale of securities measured at fair value through other comprehensive income and dividend income 8.4 12 12 11 13 Net (loss)/income on hedge accounting 8.5 -34 -29 2 -1 Net (loss)/income on other basic activities 7 13 - 3 Net income on basic activities 2,909 5,819 2,694 5,447 General and administrative expenses 8.6 -1,055 -2,257 -978 -2,067 Impairment for expected credit losses 8.7 -192 -401 -292 -488 including profit on sale of receivables 45 45 - - Cost of legal risk of FX mortgage loans -1 -1 -26 -27 Tax on certain financial institutions -198 -394 -179 -366 Share of net profit of associates measured by equity method 11 20 8 15 Gross profit 1,474 2,786 1,227 2,514 Income tax -339 -637 -262 -556 Net profit 1,135 2,149 965 1,958 of which attributable to the shareholders of ING Bank Śląski S.A. 1,135 2,149 965 1,958 Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Net profit attributable to the shareholders of ING Bank Śląski S.A. 1,135 2,149 965 1,958 Weighted average number of ordinary shares 130,205,083 130,175,225 130,158,661 130,130,664 Earnings per ordinary share (in PLN) 8.72 16.51 7.41 15.05 The amount of diluted earnings per share is equal to the amount of earnings per ordinary share. Interim condensed consolidated income statement shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 6 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Interim condensed consolidated statement of comprehensive income Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Net profit for the reporting period 1,135 2,149 965 1,958 Total other comprehensive income, including: 945 1,568 105 -179 Items that may be reclassified to profit or loss, including: 907 1,530 103 -181 debt instruments measured at fair value through other comprehensive income - gains on revaluation carried through equity -14 -19 -32 118 debt instruments measured at fair value through other comprehensive income - reclassification to financial result due to sale -3 -3 -2 -4 cash flow hedge - gains on revaluation carried through equity 482 669 -283 -1,114 cash flow hedge - reclassification to profit or loss 442 883 420 819 Items that will not be reclassified to profit or loss, including: 38 38 2 2 equity instruments measured at fair value through other comprehensive income - gains on revaluation carried through equity 38 38 2 2 Net comprehensive income for the reporting period 2,080 3,717 1,070 1,779 of which attributable to the shareholders of ING Bank Śląski S.A. 2,080 3,717 1,070 1,779 Interim condensed consolidated statement of comprehensive income shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 7 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Interim condensed consolidated statement of financial position as at Note 30 Jun 2025 31 Dec 2024 30 Jun 2024 transformed data Assets Cash and cash equivalents 8,828 8,361 3,338 Loans and other receivables to other banks 8.8 23,105 21,635 19,646 Financial assets measured at fair value through profit or loss 8.9 1,675 1,948 1,316 Derivative hedge instruments 47 61 103 Investment securities 8.10 56,162 58,992 58,931 Transferred assets 8.9, 8.10, 8.12 16,431 179 1,996 Loans and other receivables to customers measured at amortised cost 8.11 173,321 166,677 161,385 Investments in associates accounted for using the equity method 175 185 196 Property, plant and equipment 967 1,011 1,014 Intangible assets 486 457 495 Current income tax assets 4 14 2 Deferred tax assets 615 690 684 Other assets 164 149 172 Total assets 281,980 260,359 249,278 as at Note 30 Jun 2025 31 Dec 2024 30 Jun 2024 Liabilities Liabilities to other banks 8.13 14,671 15,468 13,877 Financial liabilities measured at fair value through profit or loss 8.14 839 1,400 974 Derivative hedge instruments 57 83 149 Liabilities to customers 8.15 241,938 219,996 213,541 Liabilities under debt securities issued 509 509 405 Subordinated liabilities 1,487 1,499 1,514 Provisions 8.16 589 636 645 Current income tax liabilities 455 16 70 Deferred tax loss - 1 - Other liabilities 8.17 3,819 3,581 3,930 Total liabilities 264,364 243,189 235,105 Equity Share capital 1.3 130 130 130 Share premium 956 956 956 Accumulated other comprehensive income -3,131 -4,699 -5,274 Retained earnings 19,667 20,783 18,372 Own shares for the purposes of the incentive program -6 - -11 Total equity 17,616 17,170 14,173 including attributable to the shareholders of ING Bank Śląski S.A. 17,616 17,170 14,173 Total liabilities and equity 281,980 260,359 249,278 Interim condensed consolidated statement of financial position shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 8 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Interim condensed consolidated statement of changes in equity H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 Share capital Share premium Accumulated other comprehensive income Retained earnings Own shares for the purposes of the incentive program Total equity Opening balance of equity 130 956 -4,699 20,783 - 17,170 Net profit for the current period - - - 2,149 - 2,149 Other net comprehensive income, including: - - 1,568 - - 1,568 financial assets measured at fair value through other comprehensive income - revaluation gains / losses carried through equity - - 19 - - 19 debt securities measured at fair value through other comprehensive income - reclassification to profit or loss due to sale -3 - - -3 cash flow hedge - revaluation gains / losses carried through equity - - 669 - - 669 cash flow hedge - reclassification to profit or loss - - 883 - - 883 Other changes in equity, including: - - - -3,265 -6 -3,271 dividend payment - -3,276 - -3,276 valuation of employee incentive programs - - - 11 - 11 purchase of own shares for the purposes of the employee incentive program - - - - -6 -6 Closing balance of equity 130 956 -3,131 19,667 -6 17,616 Interim condensed consolidated statement of changes in equity shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 9 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 2024 the period from 1 Jan 2024 to 31 Dec 2024 Share capital Share premium Accumulated other comprehensive income Retained earnings Own shares for the purposes of the incentive program Total equity Opening balance of equity 130 956 -5,095 20,750 -5 16,736 Net profit for the current period - - - 4,369 - 4,369 Other net comprehensive income, including: - - 396 - - 396 financial assets measured at fair value through other comprehensive income - revaluation gains / losses carried through equity - - 70 - - 70 debt securities measured at fair value through other comprehensive income - reclassification to profit or loss due to sale - - 9 - - 9 cash flow hedge - revaluation gains / losses carried through equity - - -1,447 - - -1,447 cash flow hedge - reclassification to profit or loss - - 1,767 - - 1,767 actuarial gains/losses - - -3 - - -3 Other changes in equity, including: - - - -4,336 5 -4,331 dividend payment - - - -4,339 - -4,339 valuation of employee incentive programs - - - 4 - 4 purchase of own shares for the purposes of the employee incentive program - - - - -6 -6 settlement of the acquisition of own shares and their transfer to employees - - - -1 11 10 Closing balance of equity 130 956 -4,699 20,783 0 17,170 Interim condensed consolidated statement of changes in equity shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 10 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Share capital Share premium Accumulated other comprehensive income Retained earnings Own shares for the purposes of the incentive program Total equity Opening balance of equity 130 956 -5,095 20,750 -5 16,736 Net profit for the current period - - - 1,958 - 1,958 Other net comprehensive income, including: - - -179 - - -179 financial assets measured at fair value through other comprehensive income - gains/losses on revaluation carried through equity - - 120 - - 120 debt securities measured at fair value through other comprehensive income - reclassification to profit or loss due to sale - - -4 - - -4 cash flow hedging - gains/losses on revaluation carried through equity - - -1,114 - - -1,114 cash flow hedging - reclassification to profit or loss - - 819 - - 819 Other changes in equity, including: - - - -4,336 -6 -4,342 dividend payment - -4,339 - -4,339 valuation of employee incentive programs - - - 3 - 3 purchase of own shares for the purposes of the employee incentive program - - - - -6 -6 Closing balance of equity 130 956 -5,274 18,372 -11 14,173 Interim condensed consolidated statement of changes in equity shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 11 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Interim condensed consolidated cash flow statement H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Net profit 2,149 1,958 Adjustments, including: 9,033 -4,398 Share of net profit (loss) of associates accounted for using the equity method -20 -15 Depreciation and amortisation 154 160 Interest accrued (from the income statement) -4,384 -4,204 Interest paid -2,128 -1,875 Interest received 6,388 6,055 Dividends received -2 -2 Income tax (from the income statement) 637 556 Income tax paid -484 -148 Change in provisions -47 103 Change in loans and other receivables to other banks -1,483 9 Change in financial assets measured at fair value through profit or loss 269 954 Change in hedge derivatives 1,904 -390 Change in investment securities 9,963 -5,533 Change in transferred assets -15,961 -1,821 Change in loans and other receivables to customers measured at amortised cost -6,590 -4,842 Change in other assets -52 -133 Change in liabilities to other banks -756 327 Change in liabilities measured at fair value through profit or loss -548 -848 Change in liabilities to customers 21,885 8,267 Change in liabilities under debt securities issued - 1 Change in subordinated liabilities -12 -12 Change in other liabilities 300 -1,007 Net cash flows from operating activities 11,182 -2,440 H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Purchase of property, plant and equipment -26 -17 Purchase of intangible assets -76 -52 Purchase of debt securities measured at amortised cost -13,608 -12,668 Disposal of debt securities measured at amortised cost 6,600 16,255 Dividends received 32 2 Net cash flows from investing activities -7,078 3,520 Long-term loans received 911 866 Long-term loans repaid -899 -876 Repayment of interest on long-term loans -302 -366 Repayment of interest on debt securities issued -16 -12 Repayment of lease liabilities -49 -50 Purchase of own shares for the purposes of the employee incentive program -6 -6 Dividends paid -3,276 -4,339 Net cash flows from financing activities -3,637 -4,783 Net increase/(decrease) in cash and cash equivalents 467 -3,703 of which effect of exchange rate changes on cash and cash equivalents -89 283 Opening balance of cash and cash equivalents 8,361 7,041 Closing balance of cash and cash equivalents 8,828 3,338 Interim condensed consolidated cash flow statement shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 12 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Additional information to the interim condensed consolidated financial statements Additional information to the interim condensed consolidated financial statements 1. Bank and the Group details 2. Significant events in H1 2025 3. Significant events after balance sheet date 4. Compliance with International Financial Reporting Standards 5. Significant accounting principles and key estimates 6. Comparability of financial data 7. Segment reporting 8. Supplementary notes to interim condensed consolidated income statement and interim condensed consolidated statement of financial position 9. Dividend payment 10. Off-balance sheet items 11. Update of information on administrative proceedings and court proceedings regarding WIBOR and free loan sanctions 12. Transactions with related parties 13. Risk and capital management
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 13 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Additional information to the interim condensed consolidated financial statements 1. Bank and the Group details 1.1. Key Bank data ING Bank Śląski S.A. (”Parent company”, “Parent entity”, “Bank”) with the registered office in Poland, Katowice, ulica Sokolska 34, zip code 40-086, was entered into the Entrepreneurs Register with the National Court Register maintained by the Commercial Division of the District Court in Katowice under the number KRS 5459. The Parent company statistical number is REGON 271514909, and the tax identification number is NIP 634-013-54-75. 1.2. Scope and duration of operations ING Bank Śląski S.A. offers a wide range of banking services provided to individual and institutional customers in accordance with the scope of services specified in the Bank’s charter. The Bank conducts operations both in PLN and in foreign currencies and actively participates in trading on domestic and foreign financial markets. In addition, through its subsidiaries, the Group conducts leasing and factoring activities, and provides banking and other financial services. The duration of the Parent Company is indefinite. 1.3. Share capital The share capital of ING Bank Śląski S.A. amounts to PLN 130,100,000 and is divided into 130,100,000 ordinary bearer shares with a nominal value of PLN 1.00 each. The Bank’s shares are listed on the Warsaw Stock Exchange (sector: banks). 1.4. Shereholding structure of ING Bank Śląski S.A. ING Bank Śląski S.A. is a subsidiary of ING Bank NV, which as at 30 June 2025 held 75% shares in the share capital of ING Bank Śląski S.A. and 75% shares in the total number of votes at the General Meeting of ING Bank Śląski S.A. ING Bank NV belongs to the Group, herein referred to as ING Group. The remaining part of the Bank's shares (25.0%) is in free float. They are owned by institutional investors - in particular Polish pension funds and domestic and foreign investment funds, as well as individual investors. As at the publication date of these interim condensed consolidated financial statements, shareholders holding 5 or more percent of the votes at the General Meeting of ING Bank Śląski S.A. were the following entities: No. Entity Number of shares and votes % of total number of shares 1. ING Bank N.V. 97,575,000 75.00 2. Allianz Polska OFE S.A.* 8,612,036 6.62 3. Nationale Nederlanden PTE S.A. ** 6,735,296 5.18 *) Based on the information on the semi-annual asset structure Allianz Polska OFE as at 30 June 2025. **) Based on a notification from Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. of 9 July 2025.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 14 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 1.5. ING Bank Śląski S.A. Group ING Bank Śląski S.A. is the parent of the ING Bank Śląski S.A. Group (“Capital Group”, Group”). The composition of the Group as at 30 June 2025 was as follows: No. name type of activity headquarters % of the Group's share in the share capital and votes on the General Meeting nature of the capital relationship recognition in the Group financial statements as at 30.06.2025 as at 31.12.2024 1. ING Investment Holding (Polska) S.A., which holds shares in the following subsidiaries and associates: financial holding Katowice 100 100 subsidiary full consolidation 1.1. ING Commercial Finance S.A. factoring services Warszawa 100 100 subsidiary full consolidation 1.2. ING Lease (Polska) Sp. z o.o.* leasing services Warszawa 100 100 subsidiary full consolidation 1.3. Paymento Financial S.A. financial services and IT solutions for the financial sector Tychy 100 100 subsidiary full consolidation 1.4. Goldman Sachs TFI S.A. investment funds Warszawa 45 45 associate consolidation by equity method 2. ING Bank Hipoteczny S.A. banking services Katowice 100 100 subsidiary full consolidation 3. ING Usługi dla Biznesu S.A. accounting, HR and payroll services related to access to information about the account Katowice 100 100 subsidiary full consolidation 4. Nowe Usługi S.A. education and promotion for the financial market and TURBO Certificates Katowice 100 100 subsidiary full consolidation 5. SAIO Spółka Akcyjna software sales, robotization of processes Katowice 100 100 subsidiary full consolidation 6. Dom Data IDS Sp. z o.o. IT services Poznań 40 40 associate consolidation with the equity method *) In the ING Lease (Poland) Sp. z o.o. Group there are 5 special purpose vehicles in which ING Lease (Poland) Sp. z o.o. holds 100% of the shares. These are: ING Aktywa Spółka z o.o., ING Finance Spółka z o.o., Rel Fokstrot Spółka z o.o., Rel Jota Spółka z o.o. and Rel Project 1 Spółka z o.o. 1.6. Approval of the financial statements This interim condensed consolidated financial statements were approved for publication by the Bank’s Management Board on 29 July 2025. The annual consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2024 to 31 December 2024 were approved by the General Meeting of ING Bank Śląski S.A. on 29 April 2025. 2. Significant events in H1 2025 Resignation of a Member of the Supervisory Board of ING Bank Śląski S.A. On 27 June 2025, the Bank has received from Mr Stephen Creese a letter of resignation from the capacity as Member of the Bank Supervisory Board, with effect from 31 August 2025. The reason for resignation is his plans to leave ING Group. Update of information on the MREL requirement for ING Bank On 5 June 2025, the Bank receiveda letter from the Bank Guarantee Fund (“BGF”) on the joint decision of resolution bodies; i.e. Single Resolution Board (“SRB”) and the BGF on the minimum requirement for own funds and eligible liabilities (“MREL”). The decision was taken following the Single Point of Entry (SPE) resolution strategy applicable to ING Group. The MREL for the Bank set by the BGF in liaison with the SRB is 16.25% of the total risk exposure amount (“TREA”) and 5.91% of the total exposure measure (“TEM”) on an individual basis. At the same time, the BGF stated that the Tier 1 capital (“CET1”) instruments kept by the Bank for the purposes of the combined buffer requirement cannot be included in the MREL expressed as a percentage of the total risk exposure amount (TREA). Thus, the MREL TREA for the Bank, taking into account the combined buffer requirement at the current amount of 3.51%, is effectively 19.76% of the total risk exposure. The Bank is required to meet the requirement immediately upon the receipt of the BGF letter. The total MREL should be satisfied with own funds and eligible liabilities under Article 98.2l of the BGF Act transposing Article 45f(2) of the BRRD. The Bank satisfies the said requirement. Additionally, the BGF stated that the recapitalisation- equivalent portion of the MREL should be met with the following instruments: additional Tier 1 (AT1), Tier 2 capital (T2) instruments and other subordinated eligible liabilities bought directly or indirectly by the parent entity. Based on the BGF methodology, the Bank Management Board estimate that the recapitalisation-equivalent portion of the MREL is 8.25% TREA and 2.91% of TEM. The Bank satisfies the said requirement.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 15 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million General Meeting of ING Bank Śląski S.A. On 29 April 2025, the Bank’s General Meeting was held, at which resolutions were adopted on the following issues: • on reviewing and approving the annual financial statements for 2024 (separate statement of ING Bank Śląski S.A. and consolidated statement of ING Bank Śląski S.A. Group), • on reviewing and approving the Management Board Report on Operations of ING Bank Śląski S.A. Group in 2024 covering the Report on Operations of ING Bank Śląski S.A., including the Statement on the application of corporate governance rules and the Sustainability Statement, • on acknowledging the 2024 report of the ING Bank Śląski S.A. Supervisory Board and assessment of the adequacy of internal regulations concerning the functioning of the Supervisory Board and the effectiveness of the Supervisory Board operations, • on the opinion to the Supervisory Board’s report on the ING Bank Śląski S.A. Supervisory Board and Management Board Members remuneration in 2024 and to the evaluation of the Bank’s remuneration policy, • on acknowledging fulfilment of duties in 2024 by Members of the Bank’s Management Board and Members of the Bank’s Supervisory Board, • on distribution of 2024 profit and undivided profit from previous years, • on 2024 dividend payout, • on amending the Charter of ING Bank Śląski Spółka Akcyjna, • on assessing satisfaction by the existing members of the Supervisory Board of the requirements referred to in Article 22aa of the Banking Law Act (suitability assessment), • on amending the ING Bank Śląski S.A. Supervisory Board and Management Board Members Remuneration Policy. Appointing the Bank Management Board for the new term of office On 29 April 2025, pursuant to the Bank Supervisory Board Resolution of 3 September 2024, Mr Michał Bolesławski assumed the function of the President of the Bank Management Board. The notice of the resolution adopted by the Supervisory Board and of the required consent obtained from the Polish Financial Supervision Authority to holding this function by Mr Michał Bolesławski was provided in current reports nos. 27/2024 of 3 September 2024 and 38/2024 of 20 December 2024 respectively. On 29 April 2025, the Supervisory Board of the Bank appointed the Bank Management Board for the new term of office in the following composition: • Ms Joanna Erdman - VicePresident of the Bank Management Board, • Mr Marcin Giżycki - Vice-President of the Bank Management Board, • Ms Bożena Graczyk - Vice-President of the Bank Management Board, • Mr Marcin Kościński - Vice-President of the Bank Management Board, • Mr Michał H. Mrożek - Vice-President of the Bank Management Board, • Mr Maciej Ogórkiewicz - Vice-President of the Bank Management Board, • Ms Alicja Żyła - Vice-President of the Bank Management Board. Furthermore, the Supervisory Board adopted a resolution regarding appointment of Ms Ewa Łuniewska for the Bank Management Board new term of office as of the entry date of an amendment to Article 26.1 of the Charter of ING Bank Śląski Spółka Akcyjna (regarding the number of Bank Management Board Members) in the Entrepreneurs Register of the National Court Register, as provided for in Resolution No. 28 of the Ordinary General Meeting of 29 April 2025. On 9 May 2025, the above change was registered in the National Court Register and from that date the Bank’s Management Board is composed of 9 members, with Ms. Ewa Łuniewska as Vice President of the Bank’s Management Board. As agreed with Ms Ewa Łuniewska, she will hold the function of the Vice-President of the Management Board of ING Bank Śląski S.A. until 31 December 2025. Ms Joanna Erdman, Mr Marcin Giżycki, Ms Bożena Graczyk, Ms Ewa Łuniewska, Mr Michał H. Mrożek and Ms Alicja Żyła held functions on the Management Board during the previous term of office. The appointed Management Board Members satisfy all the requirements laid down in Article 22aa of the Banking Law Act of 29 August 1997. They neither pursue competitive activity towards ING Bank Śląski S.A. nor participate in competitive companies/partnerships as partners to civil law partnerships, partnerships, companies or any competitive legal entity as members of their bodies. They are not listed in the Register of Insolvent Debtors maintained pursuant to the National Court Register Act of 20 August 1997. Annual contribution to the BFG compulsory restructuring fund in 2025 On 26 March 2025, the Bank received from the Bank Guarantee Fund the information about the amount of annual contribution for the banks’ compulsory resolution fund for 2025. The total cost for the Bank Group is PLN 174 million, including the past-year adjusted contributions. The entire contribution amount was recognised in costs for Q1 2025. The amount attributable to the Bank is PLN 172 million and to ING Bank Hipoteczny S.A. PLN 2 million. Individual recommendation from the Polish Financial Supervision Authority regarding satisfaction of criteria for dividend payout from the 2024 net profit On 13 March 2025 the Bank received a letter from the Polish Financial Supervision Authority (“PFSA”) wherein the PFSA stated that the Bank satisfied the criteria for dividend payout of up to 75% of the 2024 net profit, while the
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 16 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million maximum dividend amount should not exceed the amount of the annual profit less profit earned in 2024 and recognised under own funds. Bank did not include interim profit during 2024 in own funds, therefore the maximum dividend of 2024 profit for the Bank equals 75%. At the same time, the PFSA recommended that the Bank mitigate the inherent risk of operations by refraining from taking any other actions without prior consultation with the supervision authority, in particular being beyond the ordinary business and operational activity which may result in a reduction in own funds, including possible dividend payments from undivided profit from previous years and own shares buy-backs. 3. Significant events after balance sheet date None. 4. Compliance with International Financial Reporting Standards These interim condensed consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2025 to 30 June 2025 were prepared under the International Accounting Standards (IAS) 34 Interim Financial Reporting as endorsed by the European Commission and effective as at the reporting date, that is 30 June 2025 as well as in accordance with the Ordinance of Finance Minister of 29 March 2018 on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state (Journal of Laws of 2018, item 757). Presented financial statements have been prepared in a condensed version. The interim condensed financial statements do not provide all data or disclosures required in the annual financial statements and should be interpreted together with the annual consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2024 to 31 December 2024, which was approved on 29 April 2025 by the Bank’s General Meeting and is available on the website of ING Bank Śląski S.A. (www.ing.pl). Interim condensed consolidated income statement, interim condensed consolidated statement of comprehensive income, interim condensed consolidated statement of changes in equity and interim condensed consolidated cash flow statement for the period from 1 January 2025 to 30 June 2025 and interim condensed consolidated statement of financial position as at 30 June 2025, together with comparable data were prepared according to the same principles of accounting for each period. 4.1. Changes in accounting standards In these interim condensed consolidated financial statements, the Group included the following amendments to standards and interpretations that were approved by the European Union with the effective date for annual periods beginning on or after 1 January 2025: Change Impact on the Group’s consolidated financial statements IAS 21 Effects of changes in exchange rates: Exchange rate forfeiture The implementation of the change did not have an impact on the Group’s consolidated financial statements The standards and interpretations which were already issued but are still ineffective because they are not endorsed by the European Union or endorsed by the European Union but not yet applied by the Group were presented in the annual consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2024 to 31 December 2024. No new standards and amendments to accounting standards were published in H1 2025, nor did the European Union approve any new, previously published amendments to IAS and IFRS. The following amendments to accounting standards were approved by the European Union in H1 2025: Change (effective date in the parentheses) Impact on the Group’s consolidated financial statements IFRS 9 Financial instruments and IFRS 7 Financial instruments: disclosures - Classification and measurement of financial instruments (financial year beginning on 1 January 2026) The changes are a result of the conclusions of the post-implementation review of the guidelines of both standards and are of a clarifying nature as regards the classification of financial assets (i.e. resulting from agreements containing ESG or similar clauses) and the removal from the balance sheet of financial instruments that are settled through electronic payment systems. The implementation of these changes will not exert a material impact on the Group’s consolidated financial statements. IFRS 9 Financial instruments and IFRS 7 Financial instruments: disclosures Renewable electricity contracts (financial year beginning on 1 January 2026) Updating the guidelines to better reflect contracts relating to electricity from renewable sources with physical or virtual supply in the financial statements. The changes focus on requirements for purchasing energy for own use, hedge accounting and disclosures. The Group’s analyses show that applying the changes, from the perspective of the current economic situation, will not have an impact on the Group’s consolidated financial statements. As at the date of adoption of these interim condensed consolidated financial statements for publication, taking into account the ongoing process of introducing IFRS standards in the EU and the Group's operations, with respect to the accounting principles applied by the Group there are no differences between the IFRS standards that have entered into force and the IFRS standards endorsed by the EU.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 17 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 4.2. The impact of the benchmark rate reform In its annual consolidated financial statements for the period from 1 January 2024 to 31 December 2024, the Group presented a disclosure on the impact of the benchmark reform. Currently, the reform of only one reference rate is continuing (i.e. WIBOR), to which the Group has a significant exposure as at 30 June 2025. On January 2025, the Steering Committee of the National Working Group (KS NGR) for Benchmark Reform in Poland published the decision to select the name POLSTR (Polish Short Term Rate) for the new benchmark, which was selected in the public consultation process conducted last year. On April 2025, KS NGR published the updated roadmap of the replacing process of WIBOR and in June announced that the official determination of the POLSTR has commenced. The another important milestone of the process, the implementation of which falls in 2025, will be the issue of treasury bonds which the interest rate will refer to the new POLSTR benchmark. Further work is planned in subsequent years, including in particular the construction of a market for financial products based on the new benchmark; and achieving regulatory and operational readiness of all market participants to offer and operate these financial products. The WIBOR rate is scheduled to be published on 31 December 2027 and replaced by a new benchmark POLSTR. Structure of financial assets and liabilities referencing WIBOR As at 30 June 2025, the following financial instruments refer to the WIBOR reference rate, which is expected to be discontinued after 31 December 2027 and is material for the Group. Non-derivative financial assets and liabilities are presented at gross carrying amount, off-balance sheet items are presented at liability amount and derivatives are presented at nominal value. 30 Jun 2025 31 Dec 2024 with maturity date after 30 Jun 2025 with maturity date after 31 Dec 2027 with maturity date after 31 Dec 2024 with maturity date after 31 Dec 2027 Non-derivative financial assets 134,037 93,549 129,336 82,980 Non-derivative financial liabilities 597 510 604 509 Derivatives 1,334,179 459,448 1,307,090 362,190 Off-balance sheet items 18,133 4,875 15,865 2,824 Impact of the benchmark rate reform on hedge accounting The Group applied the amendment to IAS 39 Phase 1 and thus assumes that the reference rate, on the basis of which the cash flows resulting from WIBOR are calculated in terms of the hedging instrument and the hedged item, remain unchanged as a result of the reform. The following table presents the nominal values of hedging instruments referencing WIBOR. net nominal value of the position on the hedging instrument 30 Jun 2025 31 Dec 2024 Assets Liabilities Assets Liabilities Cash flow hedging instruments 89,153 16,229 100,348 1,377 Instruments hedging the fair value of securities 18,412 - 15,012 - 4.3. Going-concern These interim condensed consolidated financial statements of the ING Bank Śląski S.A. Group have been prepared on the assumption that the Group will continue its business activity for at least 12 months from the date of publication, i.e. from 31 July 2025. As at the date of signing these consolidated financial statements, the Management Board of the Bank does not determine the existence of facts and circumstances that would indicate threats to the Group’s ability to continue as a going concern within 12 months from the date of publication as a result of an intentional or forced discontinuation or significant limitation of the Group’s existing activities. 4.4. Financial statements scope and currency These interim condensed consolidated financial statements of the Group for the period from 1 January 2025 to 30 June 2025 contain data of the Bank and its subsidiaries and associates (collectively referred to as the "Group"). It has been drawn up in Polish zlotys ("PLN"). All values, unless indicated otherwise, are rounded up to million zlotys. As a result, there may be instances of mathematical inconsistency in the totals or between individual notes. 4.5. Reporting period and comparable data Interim condensed consolidated financial statements of ING Bank Śląski S.A. Group covers the period from 1 January 2025 to 30 June 2025 and includes comparative data: • as at 31 December 2024 and 30 June 2024 - for the interim condensed consolidated statement of financial position, • for the period from 1 January 2024 to 30 June 2024 and from 1 April 2024 to 30 June 2024 - for the interim condensed consolidated income statement and the interim condensed consolidated statement of comprehensive income,
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 18 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million • for the period from 1 January 2024 to 30 June 2024 - for the interim condensed consolidated cash flow statement, • for the period from 1 January 2024 to 31 December 2024 and from 1 January 2024 to 30 June 2024 - for the interim condensed statement of changes in consolidated equity. 5. Significant accounting principles and key estimates Detailed accounting principles and key estimates are presented in the annual consolidated financial statements of the of ING Bank Śląski S.A. Group for the period from 1 January 2024 to 31 December 2024. In addition, with respect to interim financial statements, the Group applies the principle of recognizing the financial result income tax charges based on the best estimate of the weighted average annual income tax rate expected by the Group in the full financial year. In H1 2025, no significant changes were made to the accounting principles applied by the Group. 5.1. Key estimates Below are the most important estimates that changed in H1 2025 in relation to those presented in the annual consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2024 to 31 December 2024. 5.1.1. Impairment for expected credit losses The methodology for calculating expected credit losses was presented in the annual consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2024 to 31 December 2024. Macroeconomic factors Credit risk models for the purposes of IFRS 9 were built on the basis of historical relations between changes in economic parameters (i.e. GDP or interest rates) and their subsequent effect on changes in the level of credit risk (PD/LGD). By the end of 2019, changes in macroeconomic forecasts were relatively slow, moving smoothly from one phase of the cycle to another, without drastic and shocking events changing the macroeconomic situation. After sharp increases in interest rates and inflation, caused, among others, by the war in Ukraine, the situation is now beginning to stabilise. As at 30 June 2025, the Group revised its macroeconomic indicators forecasts. The macroeconomic assumptions used to determine the expected credit losses are based on forecasts prepared by the Bank’s Macroeconomic Analysis Office, supplemented by management adjustments where, in the opinion of the management, recent economic events have not been fully captured. The effect of changes in macroeconomic assumptions decreased the level of provisions for expected credit losses at the end of H1 2025 by PLN 53 million compared to the end of 2024. Management adjustments In times of heightened volatility and uncertainty, where portfolio quality and the economic environment are changing rapidly, models are undermined in their ability to accurately predict losses. To mitigate model risk, additional adjustments can be made to address data quality issues, methodology issues or expert opinions. They also include adjustments resulting from overestimation or underestimation of allowances for expected credit losses by IFRS 9 models. Due to the growing impact of climate risk on credit risk, the Group decided to create a management adjustment increasing the value of provisions for expected credit losses, the purpose of which is to measure potential financial losses resulting from the indirect or direct impact of clients’ adjustment to low-emission requirements or to aneconomy based on sustainable development. The adjustment covering the portfolio of corporate clients, including strategic clients, at the end of H1 2025 amounted to PLN 34 million compared to PLN 30 million at the end of 2024. In the 4th quarter of 2024, the Group implemented the uLDP (ultra low default portfolio) model, which includes previously used reserve models for strategic customers within the corporate portfolio. Simultaneously with the implementation, the second stage of work on the uLDP model began, which is to cover a wider pool of models and reconstruction of capital models. The Group has decided to apply a management adjustment increasing the value of provisions for expected credit losses until the implementation of the second stage, the purpose of which is to maintain the adequacy of provisions for the corporate portfolio. At the end of H1 2025, the value of the adjustment amounted to PLN 4 million, compared to PLN 9 million at the end of 2024. The potential underestimation of losses incurred in the real estate sector prompted the Group to create a management adjustment for strategic customers within the corporate portfolio, increasing the value of impairment for expected credit losses. At the end of H1 2025 the value of the adjustment amounted to PLN 4 million compared as at the end of 2024. Due to incomplete implementation of new models or a time-based change of models for corporate clients (including the IFRS9 model for the SME portfolio, the in-default module for the portfolio of small and medium-sized enterprises), the Group estimated the impact of the use of new models on the amount of allowances for clients not yet covered by these models. As a result, at the end of H1 2025, the Group introduced a management adjustment reducing the value of impairment for expected credit losses in the amount of PLN 24 million (compared to PLN 37 million at the end of 2024). In Q2 2025, the Group transferred some corporate clients from a portfolio valued individually to a collective portfolio. The reclassification concerned customers whose exposure did not exceed EUR 1 million. In order to ensure an adequate level of allowances during the transfer, at the end of 1H 2025 the Group applied a management adjustment that resulted in an increase of collective allowances by PLN 34 million with the simultaneous
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 19 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million release of allowances calculated using the individual method in the amount of PLN 42 million (with the total impact of PLN -8 million). The aforementioned management adjustments did not affect the classification of exposures to Stages presented in these consolidated financial statements. In May 2024, an assistance programme was introduced for mortgage loan holders. The Group decided to cover exposures benefiting from support, the collective criterion of a significant increase in risk. This criterion expired at the end of June 2025. As a result, this resulted in the transfer of exposures with a gross carrying amount of PLN 5,019 million to Stage 1 and the simultaneous release of allowances for these exposures in the amount of PLN 11 million. The division of adjustments into Stages and into corporate and retail segments is presented in note 8.11. The division of adjustments into Stages and into corporate and retail segments is presented in note. Sensitivity analysis of expected credit losses on assumed PD threshold In order to show the sensitivity of expected losses to the level of the adopted PD threshold, the Group estimated the allowances for expected losses in Stages 1 and 2 with the following assumptions: • all these financial assets would be below the PD threshold and assigned 12-month expected losses and • all of these assets would exceed this PD threshold and have lifetime expected losses assigned to them. The table shows the hypothetical change in the level of expected losses, depending on the assumptions adopted for the analysis. as at 30 Jun 2025 31 Dec 2024 Hypothetical change in the level of expected losses for Stage 1 and Stage 2 assets Assumption that the assets are below the PD threshold and are assigned 12-month expected losses Assumption that the assets have exceeded the PD threshold and are assigned lifetime expected losses Assumption that the assets are below the PD threshold and are assigned 12-month expected losses Assumption that the assets have exceeded the PD threshold and are assigned lifetime expected losses The entire loan portfolio, including: -240 750 -260 670 Corporate portfolio -165 435 -170 390 Retail portfolio -75 315 -90 280 Macroeconomic forecasts and probability weights applied to each of macroeconomic scenarios Below are presented the macroeconomic forecasts of key factors adopted as at 30 June 2025 and 31 December 2024 and the deviations of expected losses in the upside, baseline and negative scenarios from the reported expected losses, weighted by the probability of the scenarios - broken down into corporate, retail and for the entire loan portfolio. The analysis takes into account changes in the time horizon of expected losses (migrations between Stages) resulting from the macroeconomic scenarios used in the analysis. The presented deviations from reported losses do not take into account the impact of management adjustments described earlier. The macroeconomic assumptions used to determine these deviations for the base scenario are based on forecasts prepared by the Bank’s Macroeconomic Analysis Office, with forward curves for interest rates based as at the end of H1 2025. The tables present the results of the analysis of the change of exposure in Stages and the change of allowance coverage for the entire loan portfolio and separately for the corporate and retail portfolios. For both the entire loan portfolio and its corporate and retail part, the selective application of a negative scenario with a weight of 100% increases the level of provisions in all Stages (1/2/3). The average increase of the allowance for the entire portfolio, on a consolidated basis, is about 10% compared to the average scenario used in the calculation of allowances for H1 2025 (for the corporate portfolio an increase of the allowance by 11% and for the retail portfolio by 6%). The increase of provisions in this scenario is mainly caused by the migration of exposures to Stage 2 caused mainly by negative GDP growth and moderate increase of the unemployment rate. If a 100% weight were applied, for the positive scenario there would be a decrease of allowance by approx. 6% on the entire portfolio (for corporate portfolio by 6% and for retail portfolio by 5%). A positive effect of GDP growth and stable values of other variables are observed here (unemployment rate: about 2%, interest rate: about 7.4%). The application of a weight of 100% for the base scenario remains almost neutral for the amount of provisions (decrease by 1% on the corporate part of the portfolio).
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 20 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million as at 30 Jun 2025 total loan portfolio 2025 2026 2027 Expected losses weighted by probability - deviation from losses reported in % Change in the share of Stage 2 in relation to the entire portfolio in % Weight assigned to the scenario to determine the reported expected losses Reported expected losses (collective assessment in Stage 1, 2 and 3) Total by Stages Total by Stages Upside scenario GDP 3.5% 5.6% 4.9% -6% Stage 1 Stage 2 Stage 3 -9% -12% -3% -6% 20% 2,569 Stage 1 Stage 2 Stage 3 270 555 1,744 Unemployment 2.7% 2.2% 2.0% Real estate price index 0.2% 0.1% 5.5% 3 months’ interest rate 6.5% 7.2% 7.4% Baseline scenario GDP 3.2% 3.4% 2.8% 0% Stage 1 Stage 2 Stage 3 -1% -1% 0% -3% 60% Unemployment 2.8% 2.8% 2.8% Real estate price index -1.1% -1.9% 4.0% 3 months’ interest rate 3.9% 3.6% 3.6% Negative scenario GDP 2.8% -0.2% -0.5% 10% Stage 1 Stage 2 Stage 3 1% 34% 4% 48% 20% Unemployment 3.1% 4.3% 5.9% Real estate price index -2.8% -4.7% 2.4% 3 months’ interest rate 3.1% 2.0% 1.6% corporate portfolio 2025 2026 2027 Expected losses weighted by probability - deviation from losses reported in % Change in the share of Stage 2 in relation to the entire portfolio in % Weight assigned to the scenario to determine the reported expected losses Reported expected losses (collective assessment in Stage 1, 2 and 3) Total by Stages Total by Stages Upside scenario GDP 3.5% 5.6% 4.9% -6% Stage 1 Stage 2 Stage 3 -11% -12% -3% -7% 20% 1,833 Stage 1 Stage 2 Stage 3 173 408 1,252 Unemployment 2.7% 2.2% 2.0% Real estate price index 0.2% 0.1% 5.5% 3 months’ interest rate 6.5% 7.2% 7.4% Baseline scenario GDP 3.2% 3.4% 2.8% -1% Stage 1 Stage 2 Stage 3 -1% -2% 0% -4% 60% Unemployment 2.8% 2.8% 2.8% Real estate price index -1.1% -1.9% 4.0% 3 months’ interest rate 3.9% 3.6% 3.6% Negative scenario GDP 2.8% -0.2% -0.5% 11% Stage 1 Stage 2 Stage 3 -3% 42% 4% 60% 20% Unemployment 3.1% 4.3% 5.9% Real estate price index -2.8% -4.7% 2.4% 3 months’ interest rate 3.1% 2.0% 1.6% as at 31 Dec 2024 total loan portfolio 2025 2026 2027 Expected losses weighted by probability - deviation from losses reported in % Change in the share of Stage 2 in relation to the entire portfolio in % Weight assigned to the scenario to determine the reported expected losses Reported expected losses (collective assessment in Stage 1, 2 and 3) Total by Stages Total by Stages Upside scenario GDP 4.7% 6.3% 4.6% -7% Stage 1 Stage 2 Stage 3 -9% -18% -3% -6% 20% 2,553 Stage 1 Stage 2 Stage 3 279 601 1,673 Unemployment 2.4% 2.2% 2.0% Real estate price index 9.6% 6.0% 6.3% 3 months’ interest rate 7.6% 7.7% 7.7% Baseline scenario GDP 3.5% 3.8% 2.8% -1% Stage 1 Stage 2 Stage 3 -1% -3% 0% -1% 60% Unemployment 3.0% 3.0% 2.9% Real estate price index 6.5% 4.7% 3.9% 3 months’ interest rate 4.4% 4.2% 4.4% Negative scenario GDP 1.7% -0.3% 0.2% 12% Stage 1 Stage 2 Stage 3 2% 44% 3% 32% 20% Unemployment 4.3% 5.9% 7.1% Real estate price index 2.0% 2.7% 2.6% 3 months’ interest rate 3.6% 2.7% 2.3% corporate portfolio 2025 2026 2027 Expected losses weighted by probability - deviation from losses reported in % Change in the share of Stage 2 in relation to the entire portfolio in % Weight assigned to the scenario to determine the reported expected losses Reported expected losses (collective assessment in Stage 1, 2 and 3) Total by Stages Total by Stages Upside scenario GDP 4.7% 6.3% 4.6% -8% Stage 1 Stage 2 Stage 3 -12% -22% -2% -9% 20% 1,719 Stage 1 Stage 2 Stage 3 170 426 1,123 Unemployment 2.4% 2.2% 2.0% Real estate price index 9.6% 6.0% 6.3% 3 months’ interest rate 7.6% 7.7% 7.7% Baseline scenario GDP 3.5% 3.8% 2.8% -1% Stage 1 Stage 2 Stage 3 -2% -4% 0% -2% 60% Unemployment 3.0% 3.0% 2.9% Real estate price index 6.5% 4.7% 3.9% 3 months’ interest rate 4.4% 4.2% 4.4% Negative scenario GDP 1.7% -0.3% 0.2% 15% Stage 1 Stage 2 Stage 3 0% 57% 2% 56% 20% Unemployment 4.3% 5.9% 7.1% Real estate price index 2.0% 2.7% 2.6% 3 months’ interest rate 3.6% 2.7% 2.3%
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 21 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million as at 30 Jun 2025 retail portfolio 2025 2026 2027 Expected losses weighted by probability - deviation from losses reported in % Change in the share of Stage 2 in relation to the entire portfolio in % Weight assigned to the scenario to determine the reported expected losses Reported expected losses (collective assessment in Stage 1, 2 and 3) Total by Stages Total by Stages Upside scenario GDP 3.5% 5.6% 4.9% -5% Stage 1 Stage 2 Stage 3 -5% -12% -3% -6% 20% 736 Stage 1 Stage 2 Stage 3 97 147 492 Unemployment 2.7% 2.2% 2.0% Real estate price index 0.2% 0.1% 5.5% 3 months’ interest rate 6.5% 7.2% 7.4% Baseline scenario GDP 3.2% 3.4% 2.8% 0% Stage 1 Stage 2 Stage 3 0% -1% 0% -1% 60% Unemployment 2.8% 2.8% 2.8% Real estate price index -1.1% -1.9% 4.0% 3 months’ interest rate 3.9% 3.6% 3.6% Negative scenario GDP 2.8% -0.2% -0.5% 6% Stage 1 Stage 2 Stage 3 5% 15% 4% 10% 20% Unemployment 3.1% 4.3% 5.9% Real estate price index -2.8% -4.7% 2.4% 3 months’ interest rate 3.1% 2.0% 1.6% as at 31 Dec 2024 retail portfolio 2025 2026 2027 Expected losses weighted by probability - deviation from losses reported in % Change in the share of Stage 2 in relation to the entire portfolio in % Weight assigned to the scenario to determine the reported expected losses Reported expected losses (collective assessment in Stage 1, 2 and 3) Total by Stages Total by Stages Upside scenario GDP 4.7% 6.3% 4.6% -5% Stage 1 Stage 2 Stage 3 -5% -11% -3% -1% 20% 834 Stage 1 Stage 2 Stage 3 109 176 549 Unemployment 2.4% 2.2% 2.0% Real estate price index 9.6% 6.0% 6.3% 3 months’ interest rate 7.6% 7.7% 7.7% Baseline scenario GDP 3.5% 3.8% 2.8% 0% Stage 1 Stage 2 Stage 3 0% -1% 0% 0% 60% Unemployment 3.0% 3.0% 2.9% Real estate price index 6.5% 4.7% 3.9% 3 months’ interest rate 4.4% 4.2% 4.4% Negative scenario GDP 1.7% -0.3% 0.2% 6% Stage 1 Stage 2 Stage 3 5% 15% 3% 2% 20% Unemployment 4.3% 5.9% 7.1% Real estate price index 2.0% 2.7% 2.6% 3 months’ interest rate 3.6% 2.7% 2.3%
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 22 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 5.1.2. Legal risk of mortgage loans indexed to CHF The Group has receivables from retail mortgage loans indexed to the CHF exchange rate. The table below presents individual elements of the gross and net carrying amount of these receivables. as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 number of contracts (in pieces) 2,174 2,416 2,574 capital balance 424 484 515 the amount of the adjustment to the gross carrying amount -318 -387 -390 other elements of the gross carrying amount (interest, ESP) 4 5 4 gross carrying amount 110 102 129 impairment for expected credit losses -5 -6 -6 Net carrying amount of CHF-indexed mortgage loans 105 96 123 Provision for legal risk of CHF-indexed mortgage loans 238 253 214 Provision for legal risk of CHF-indexed mortgage loans is presented in liabilities under Provisions and applies to: − mortgage loans indexed to CHF removed from the statement of financial position, − parts of CHF-indexed mortgage loans recognised in the statement of financial position, for which the estimated loss value exceeds the sum of gross exposures, − costs resulting from court proceedings with respect to CHF-indexed loans recognised in the statement of financial position. Changes during the period concerning the estimate of the adjustment/provision for legal risk both for loans in the Bank’s portfolio and for repaid loans are presented by the Bank in the income statement under Cost of legal risk of FX mortgage loans. Assumptions regarding the estimation of the adjustment/provision for legal risk were presented in the annual consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2024 to 31 December 2024. In H1 2025, the Group did not change its assumptions regarding the calculation of the amounts described above. The table below presents the change in H1 2025 and in 2024: − in gross carrying amount adjustments for CHF-indexed mortgage loans recognised in the statement of financial position, and − in provision for legal risk of CHF-indexed mortgage loans. H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 an adjustment to the gross carrying amount for loans recognized in the statement of financial position provision for legal risk of CHF-indexed mortgage loans an adjustment to the gross carrying amount for loans recognized in the statement of financial position provision for legal risk of CHF-indexed mortgage loans Balance at the beginning of the period 387 253 510 128 Changes in the period, including: -69 -15 -123 125 provisions recognised/ reversed - - -12 102 transfer between provisions -10 10 -34 38 utilisation, including from settlements -58 -25 -61 -15 FX differences -1 - -16 - Balance at the end of the period 318 238 387 253 Detailed information on the legal environment related to the legal risk of the portfolio of CHF-indexed loans and information on court cases in connection with concluded CHF-indexed mortgage loan agreements are presented further in the note 8.16. Provisions.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 23 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 6. Comparability of financial data In these interim condensed consolidated financial statements for the period from 1 January 2025 to 30 June 2025, compared to the interim condensed consolidated financial statements for the period from 1 January 2024 to 30 June 2024, the Group has introduced changes in the presentation of cash and cash equivalents in the consolidated statement of financial position. The Cash in hand and balances with the Central Bank item has been replaced by Cash and cash equivalents. The new item included financial assets previously presented in the item Cash in hand and balances with the Central Bank, i.e. cash, other cash and balances with the Central Bank and selected financial assets previously presented in the item Loans and other receivables to other banks, i.e. balances on current accounts and overnight deposits with other banks and balances of call deposits with other banks. The amendment was aimed at harmonising data on cash and cash equivalents between the statement of financial position and the statement of cash flows and adapts the presentation to the position of the IFRS Interpretative Committee and the requirements of IAS 7 Statement of cash flows, as well as to the changing market practice in this respect. The data as at 30 June 2024 have been restated in order to achieve comparability. The table contains individual items presented in assets of the consolidated statement of financial position, in the breakdown and at values presented in the interim condensed consolidated financial statements for the period from 1 January 2024 to 30 June 2024 and in the breakdown and at values presented in this interim condensed consolidated financial statements. Liabilities and equity did not change and did not require restatement. as at 30 June 2024 in the interim condensed consolidated financial statements for the period from 1 January 2024 to 30 June 2024 (published data) change in the interim condensed consolidated financial statements for the period from 1 January 2025 to 30 June 2025 (comparable data) Assets Cash in hand and balances with the Central Bank 3,164 -3,164 not applicable Cash and cash equivalents not applicable 3,338 3,338 Loans and other receivables to other banks 19,820 -174 19,646 Financial assets measured at fair value through profit or loss 1,316 1,316 Derivative hedge instruments 103 103 Investment securities 58,931 58,931 Transferred assets 1,996 1,996 Loans and other receivables to customers measured at amortised cost 161,385 161,385 Investments in associates accounted for using the equity method 196 196 Property plant and equipment 1,014 1,014 Intangible assets 495 495 Current income tax assets 2 2 Deferred tax assets 684 684 Other assets 172 172 Total assets 249,278 0 249,278
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 24 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 7. Segment reporting Segments of operation The management of the Group’s activity is conducted within the areas defined in the Group’s business model. The Group’s business model, above all for the purpose of management reporting, includes division of clients into two main segments: retail banking segment, corporate banking segment. The basis for distinguishing individual segments are entity criteria and - in the case of division into sub-segments - financial criteria (especially turnover, level of collected assets). The specific rules of assigning clients to respective segments are governed by the clients segmentation criteria specified in the Group’s internal regulations. The Group has separated in organisational terms the operations performed by the Centre of Expertise Treasury. The Centre of Expertise Treasury manages short-term and long-term liquidity risk in line with the effective regulations and risk appetite internally set at the Group, manages interest rate risk and invests surpluses obtained from business lines while maintaining the liquidity buffer in the form of liquid assets. The Centre of Expertise Treasury’s net income on operations is allocated to the business lines considering its support function for the Group’s business lines. Retail banking segment Within the retail business area, the Group provides services to private individuals - the mass client segment and wealthy clients segment. This activity is analyzed in terms of the main products, including, among others: credit products (overdrafts, card-related loans, installment loans, mortgage loans), deposit products (current accounts, term deposits, savings accounts), structured products, fund participation units, brokerage services and bank cards. Corporate banking segment Corporate banking area encompasses as follows: providing services to institutional clients, providing services to individual entrepreneurs, financial markets products. Institutional customer service includes strategic clients, large corporate entities and mid-sized companies. For corporate activities, reporting is carried out by main products, including, among others, credit products (working loans, investment loans), deposit products (current accounts, term deposits and negotiated deposits, savings accounts), financial markets products, custody services, capital market operations conducted by the parent company, products related to leasing and factoring services offered by ING Lease (Polska) Sp. z o.o. and ING Commercial Finance Polska S.A. Services for individual entrepreneurs include natural persons conducting economic activity and partner companies not keeping full accounting in accordance with the provisions of the Accounting Act, civil law partnerships or general partnerships, whose partners are only natural persons who do not keep full accounting in accordance with the provisions of the Accounting Act and housing communities. The activity of entrepreneurs is reported in terms of the main products, including credit products (cash loan, credit line, credit card), deposit products (business account, foreign currency account, account for housing communities), leasing products offered by ING Lease (Polska) Sp. z o.o., accounting services, payment terminals and gateways. Financial market products include operations on the money and capital markets, for own account as well as for clients. Within this activity there are products of currency, money and derivatives markets, securities operations (treasury securities, shares and bonds). Measurement The measurement of segment assets and liabilities, segment revenues and costs is based on accounting policies applied by the Group. In particular, internal and external interest income and costs for individual segments are determined using the transfer pricing system, as part of the Risk Transfer System (RTS). Transfer prices are determined on the basis of one yield curve for a given currency common for the products being assets and liabilities. The transfer price that is determined for the products being assets and liabilities with the same position on the yield curve is the same. There are possible modifications of the initial transfer price obtained from the measurement of the product on the profitability curve, and the adjustment factors for the transfer price may be: bonus for obtaining long-term liquidity, adjustment of the Group's position, cost of collateral in the case of complex products and pricing policy. Using mathematical equations, yield curves are then built on the basis of quotation rates available on information services. Segment income and expenses, results, assets and liabilities include those that are directly attributable to the segment, as well as those that can be reasonably attributable to the segment. The Group presents segment’s interest income less interest expense.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 25 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Income statement by segment H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Retail banking segment Corporate banking segment Total Retail banking segment Corporate banking segment Total Income total 2,558 3,261 5,819 2,292 3,155 5,447 net interest income 2,123 2,261 4,384 1,942 2,262 4,204 net commission income, including: 352 811 1,163 327 820 1,147 commission income, including: 539 933 1,472 501 932 1,433 transaction margin on currency exchange transactions 42 307 349 42 312 354 account maintenance fees 55 197 252 57 180 237 lending commissions 11 245 256 9 250 259 payment and credit cards fees 235 96 331 224 92 316 participation units distribution fees 59 - 59 43 - 43 insurance product offering commissions 108 21 129 101 20 121 factoring and lease contracts commissions - 26 26 - 28 28 other commissions 29 41 70 25 50 75 commission expenses -187 -122 -309 -174 -112 -286 other income/expenses 83 189 272 23 73 96 General and administrative expenses -1,116 -1,141 -2,257 -1,007 -1,060 -2,067 Segment operating result 1,442 2,120 3,562 1,285 2,095 3,380 impairment for expected credit losses 20 -421 -401 -60 -428 -488 cost of legal risk of FX mortgage loans -1 - -1 -27 - -27 tax on certain financial institutions -166 -228 -394 -149 -217 -366 share of profit/(loss) of associates accounted for using the equity method 20 - 20 15 - 15 Gross profit 1,315 1,471 2,786 1,064 1,450 2,514 Income tax - - -637 - - -556 Net profit - - 2,149 - - 1,958 of which attributable to the shareholders of ING Bank Śląski S.A. - - 2,149 - - 1,958 Assets and liabilities by segment as at 30 Jun 2025 as at 31 Dec 2024 Retail banking segment Corporate banking segment Total Retail banking segment Corporate banking segment Total Assets of the segment 125,791 154,001 279,792 113,011 145,065 258,076 Segment investments in associates accounted for using the equity method 175 - 175 185 - 185 Other assets (not allocated to segments) - - 2,013 - - 2,098 Total Assets 125,966 154,001 281,980 113,196 145,065 260,359 Segment liabilities 148,800 110,701 259,501 133,788 105,167 238,955 Other liabilities (not allocated to segments) - - 4,863 - - 4,234 Equity - - 17,616 - - 17,170 Total equity and liabilities 148,800 110,701 281,980 133,788 105,167 260,359
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 26 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 8. Supplementary notes to interim condensed consolidated income statement and interim condensed consolidated statement of financial position 8.1. Net interest income Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Interest income, including: 3,453 6,821 3,114 6,346 interest income calculated using effective interest rate method, including: 3,310 6,511 2,915 5,941 interest on financial instruments measured at amortised cost 2,811 5,572 2,479 5,106 interest on loans and other receivables to other banks 247 510 316 658 interest on loans and other receivables to customers 2,264 4,435 1,917 3,919 interest on investment securities 300 627 246 529 interest on investment securities measured at fair value through other comprehensive income 499 939 436 835 other interest income, including: 143 310 199 405 other interest income related to the settlement of valuations of cash flow hedging derivatives 143 310 198 404 interest on loans and other receivables granted to customers measured at fair value through profit or loss - - 1 1 Interest expenses, including: -1,280 -2,437 -1,072 -2,142 interest on deposits from other banks -153 -317 -205 -394 interest on deposits from customers -1,011 -1,884 -723 -1,451 interest on issue of debt securities -8 -16 -7 -13 interest on subordinated liabilities -14 -30 -20 -41 interest on lease liabilities -4 -9 -4 -9 other interest cost related to the settlement of valuations of cash flow hedging derivatives -90 -181 -113 -234 Net interest income 2,173 4,384 2,042 4,204 8.2. Net commission income Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Commission income, including: 747 1,472 719 1,433 transaction margin on currency exchange transactions 176 349 178 354 payment and credit cards 175 331 164 316 Lending 128 256 121 259 maintenance of customer accounts 126 252 120 237 offering insurance products 65 129 61 121 distribution of participation units 31 59 23 43 factoring and leasing services 13 26 14 28 brokerage activity 16 31 14 27 fiduciary activity 2 3 6 13 other commission 15 36 18 35 Commission expenses, including: -163 -309 -148 -286 payment and credit cards -93 -176 -83 -162 Net commission income 584 1,163 571 1,147
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 27 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 8.3. Net income on financial instruments measured at fair value through profit or loss and FX result Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 FX result and net income on interest rate derivatives, including: 102 191 63 98 FX result -309 -81 -56 162 currency derivatives 411 272 119 -64 Net income on interest rate derivatives 52 59 -4 -32 Net income on debt instruments held for trading 14 23 5 14 Net income on repo transactions 3 6 3 6 Total 171 279 67 86 8.4. Net income on the sale of securities and dividend income Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Net income on the sale of securities measured at amortised cost -4 -3 1 -5 Net income on sale of securities measured at fair value through other comprehensive income and dividend income, including: 12 12 11 13 sale of debt securities 4 4 3 5 dividend income 8 8 8 8 Total 8 9 12 8 8.5. Net (loss)/income on hedge accounting Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Net income on hedge accounting, including: 12 17 2 -1 valuation of the hedged transaction 175 264 -45 -272 valuation of the hedging transaction -163 -247 47 271 Cash flow hedge accounting, including: -46 -46 - - ineffectiveness under cash flow hedges -46 -46 - - Total -34 -29 2 -1 8.6. General and administrative expenses Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Personnel expenses -526 -1,027 -503 -972 Other general and administrative expenses, including: -529 -1,230 -475 -1,095 cost of marketing and promotion -50 -97 -45 -86 depreciation and amortisation -74 -154 -79 -160 obligatory Bank Guarantee Fund payments, of which: -25 -224 - -151 resolution fund - -174 - -151 bank guarantee fund -25 -50 - - fees to the Polish Financial Supervision Authority - -35 - -28 IT costs -176 -312 -142 -253 costs of maintaining buildings and valuing real estate at fair value -38 -82 -42 -87 Other -166 -326 -167 -330 Total -1,055 -2,257 -978 -2,067
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 28 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 8.6.1. Number of employees The headcount in the ING Bank Śląski S.A. Group was as follows: as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 FTEs 7,840.0 7,946.7 8,194.0 Individuals 7,890 8,001 8,242 The headcount in the ING Bank Śląski S.A. was as follows: as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 FTEs 7,408.0 7,504.6 7,738.0 Individuals 7,452 7,553 7,781 8.7. Impairment for expected credit losses Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Corporate banking segment -235 -421 -265 -428 Retail banking segment 43 20 -27 -60 Total -192 -401 -292 -488 8.8. Loans and other receivables to other banks as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Reverse repo transactions 22,236 20,779 18,873 Loans and advances 807 856 757 Interbank deposits (excluding overnight deposits) 62 - 16 Total (net) 23,105 21,635 19,646 Starting from the consolidated financial statements for the period from 1 January 2024 to 31 December 2024, the Group changed the presentation of cash and cash equivalents in the statement of financial position. A part of financial assets in the form of cash on accounts with other banks was transferred from the item Loans and other receivables to other banks to the new item Cash and cash equivalents. For more information, see chapter 6. Comparability of financial data. Data for earlier periods have been restated to ensure comparability. Due to the very good credit quality of loans and other receivables granted to other banks and the related insignificant level of the allowance for expected credit losses, the gross carrying amount of these assets is equal to their net carrying amount.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 29 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 8.9. Financial assets measured at fair value through profit or loss as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Total Total, including: transferred debt securities* other financial assets measured at fair value through profit or loss Total Financial assets held for trading, including: 1,663 2,105 179 1,926 1,290 valuation of derivatives 812 898 - 898 634 other financial assets held for trading, including: 851 1,207 179 1,028 656 debt securities: 733 700 179 521 481 Treasury bonds in PLN 369 678 179 499 350 Czech Treasury bonds 182 22 - 22 131 treasury bills 182 - - - - repo transactions 118 507 - 507 175 Financial assets other than those held for trading, measured at fair value through profit or loss, including: 12 22 - 22 26 loans obligatorily measured at fair value through profit or loss 11 21 - 21 26 equity instruments 1 1 - 1 - Total 1,675 2,127 179 1,948 1,316 *) Securities that can be pledged or sold by the collateral recipient are presented as transferred debt securities. These assets, as required by IFRS 9, are presented separately by the Group in the consolidated statement of financial position under Transferred assets. As at 30 June 2025 and 30 June 2024 the Group did not have such securities in the portfolio of financial assets measured at fair value through profit or loss. 8.10. Investment securities as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Total, including: transferred debt securities* other financial assets measured at fair value through profit or loss Total Total, including: transferred debt securities* other financial assets measured at fair value through profit or loss Measured at fair value through other comprehensive income, including: 38,639 13,425 25,214 31,939 31,826 1,779 30,047 debt securities, including: 38,338 13,425 24,913 31,685 31,588 1,779 29,809 treasury bonds in PLN 33,132 13,425 19,707 26,371 26,294 1,779 24,515 European Union bonds 2,086 - 2,086 2,064 2,077 - 2,077 European Investment Bank bonds 2,706 - 2,706 2,838 2,814 - 2,814 Austrian government bonds 414 - 414 412 403 - 403 equity instruments 301 - 301 254 238 - 238 Measured at amortised cost, including: 33,954 3,006 30,948 27,053 29,101 217 28,884 debt securities, including: 33,954 3,006 30,948 27,053 29,101 217 28,884 treasury bonds in PLN 10,731 3,006 7,725 11,859 11,998 217 11,781 treasury bonds in EUR 2,070 - 2,070 2,872 2,904 - 2,904 European Investment Bank bonds 7,013 - 7,013 6,654 5,955 - 5,955 bonds of the Polish Development Fund (PFR) 2,829 - 2,829 3,860 3,828 - 3,828 bonds of Bank Gospodarstwa Krajowego 1,819 - 1,819 1,808 1,816 - 1,816 NBP bills 9,492 - 9,492 - 2,600 - 2,600 Total, of which: 72,593 16,431 56,162 58,992 60,927 1,996 58,931 total debt securities 72,292 16,431 55,861 58,738 60,689 1,996 58,693 total equity instruments 301 - 301 254 238 - 238 *) Securities that can be pledged or sold by the collateral recipient are presented as transferred debt securities. These assets, as required by IFRS 9, are presented separately by the Group in the consolidated statement of financial position under Transferred assets. As at 31 December 2024 the Group did not have such securities in the portfolio of investment securities.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 30 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 8.11. Loans and other receivables to customers measured at amortised cost as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 gross impairment for expected credit loss net gross impairment for expected credit loss net gross impairment for expected credit loss net Loan portfolio, of which: 174,307 -4,225 170,082 167,394 -3,955 163,439 163,814 -3,998 159,816 Corporate banking 98,453 -3,451 95,002 96,127 -3,075 93,052 95,793 -2,951 92,842 overdrafts 16,697 -276 16,421 14,934 -218 14,716 15,619 -229 15,390 term loans and advances 56,797 -2,645 54,152 56,318 -2,462 53,856 55,371 -2,509 52,862 lease receivables 13,664 -112 13,552 13,444 -102 13,342 13,507 -108 13,399 factoring receivables 6,939 -415 6,524 6,860 -289 6,571 7,114 -103 7,011 debt securities (corporate and municipal) 4,356 -3 4,353 4,571 -4 4,567 4,182 -2 4,180 Retail banking 75,854 -774 75,080 71,267 -880 70,387 68,021 -1,047 66,974 mortgages 65,508 -172 65,336 61,295 -181 61,114 58,292 -212 58,080 overdrafts 675 -58 617 688 -64 624 691 -69 622 other loans and advances 9,671 -544 9,127 9,284 -635 8,649 9,038 -766 8,272 Other receivables, of which: 3,239 - 3,239 3,238 - 3,238 1,569 - 1,569 reverse repo transactions 1,100 - 1,100 1,040 - 1,040 - - - call deposits placed 981 - 981 759 - 759 527 - 527 other 1,158 - 1,158 1,439 - 1,439 1,042 - 1,042 Total 177,546 -4,225 173,321 170,632 -3,955 166,677 165,383 -3,998 161,385
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 31 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Quality of loan portfolio as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 gross impairment for expected credit loss net gross impairment for expected credit loss net gross impairment for expected credit loss net Corporate banking 98,453 -3,451 95,002 96,127 -3,075 93,052 95,793 -2,951 92,842 assets in Stage 1 80,999 -134 80,865 77,535 -136 77,399 78,107 -172 77,935 assets in Stage 2 11,627 -383 11,244 13,088 -394 12,694 13,592 -492 13,100 assets in Stage 3 5,784 -2,934 2,850 5,457 -2,545 2,912 4,042 -2,287 1,755 POCI assets 43 - 43 47 - 47 52 - 52 Retail banking 75,854 -774 75,080 71,267 -880 70,387 68,021 -1,047 66,974 assets in Stage 1 72,064 -93 71,971 62,124 -105 62,019 61,350 -137 61,213 assets in Stage 2 2,898 -143 2,755 8,185 -172 8,013 5,537 -161 5,376 assets in Stage 3 889 -538 351 955 -603 352 1,131 -749 382 POCI assets 3 - 3 3 - 3 3 - 3 Total, of which: 174,307 -4,225 170,082 167,394 -3,955 163,439 163,814 -3,998 159,816 assets in Stage 1 153,063 -227 152,836 139,659 -241 139,418 139,457 -309 139,148 assets in Stage 2 14,525 -526 13,999 21,273 -566 20,707 19,129 -653 18,476 assets in Stage 3 6,673 -3,472 3,201 6,412 -3,148 3,264 5,173 -3,036 2,137 POCI assets 46 - 46 50 - 50 55 - 55 The Group identifies POCI financial assets whose carrying value as at 30 Jun 2025 is PLN 46 million (PLN 50 million as at 31 December 2024 and PLN 55 million as at 30 Jun 2024). These are exposures due to impaired receivables acquired in connection with the acquisition of SKOK Bieszczadzka in 2017 and exposures that were significantly modified as a result of restructuring, which involved the need to remove the original credit or lease commitment and re-recognition of the asset in the statement of financial position.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 32 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Changes in impairment for expected credit losses H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Opening balance 241 566 3,148 3,955 316 613 2,579 3,508 Changes in the period, including: -14 -40 324 270 -7 40 457 490 loans granted in the period 60 - - 60 107 - - 107 transfer to Stage 1 16 -96 -9 -89 19 -110 -11 -102 transfer to Stage 2 -27 180 -36 117 -60 327 -32 235 transfer to Stage 3 -10 -67 408 331 -11 -79 487 397 repayment (total and partial) and the release of new tranches -28 -73 -182 -283 -49 -65 -215 -329 changed provisioning under impairment for expected credit losses -36 - 314 278 8 14 262 284 management adjustments 11 17 -24 4 -21 -46 -64 -131 Total impairment for expected credit losses in the profit and loss account -14 -39 471 418 -7 41 427 461 derecognition from the balance sheet (write-downs, sale) - - -198 -198 - - -21 -21 calculation and write-off of effective interest - - 30 30 - - 60 60 other - -1 21 20 - -1 -9 -10 Closing balance 227 526 3,472 4,225 309 653 3,036 3,998 Sale of non-working receivables In H1 2025, the Group concluded two agreements for the sale of receivables from the non-performing portfolio, which consisted of receivables from retail and corporate customers. As a result of the transaction, the retail portfolio of non- performing receivables decreased by PLN 126 million and the positive impact of the transaction on the Group’s gross result amounted to PLN 43 million, while the corporate portfolio of non-working receivables decreased by PLN 93 million and the positive impact of the transaction on the Group’s gross result amounted to PLN 0 million. In addition, in H1 2025, the Group sold corporate receivables from the non-working receivables portfolio. As a result of the transaction, the non-performing receivables portfolio decreased by PLN 5 million and the positive impact of the transaction on the Group’s gross result amounted to PLN 2 million. The result on the sale of receivables is presented in the statement of profit or loss, in the line Profit on sale of receivables in Impairment for expected credit losses.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 33 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 8.12. Debt securities as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Measured at fair value through profit or loss (Note 8.9) 733 700 481 transferred assets in accordance with IFRS 9.3.2.23(a) - 179 - other 733 521 481 Measured at fair value through other comprehensive income in the investment securities portfolio (Note 8.10) 38,338 31,685 31,588 transferred assets in accordance with IFRS 9.3.2.23(a) 13,425 - 1,779 other 24,913 31,685 29,809 Measured at amortised cost in the investment securities portfolio (Note 8.10) 33,954 27,053 29,101 transferred assets in accordance with IFRS 9.3.2.23(a) 3,006 - 217 other 30,948 27,053 28,884 Measured at amortised cost in the loans and other receivables to customers portfolio (Note 8.11) 4,353 4,567 4,180 other 4,353 4,567 4,180 Total of which: 77,378 64,005 65,350 transferred assets in accordance with IFRS 9.3.2.23(a) 16,431 179 1,996 other 60,947 63,826 63,354 The Group presents separately in the consolidated statement of financial position, assets securing liabilities that can be pledged or resold by the collateral recipient (transferred assets). IFRS 9.3.2.23(a) requires these assets to be segregated and presented separately from other assets in the statement of financial position. These assets are measured at fair value through profit or loss, at fair value through other comprehensive income or at amortised cost. 8.13. Liabilities to other banks as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Current accounts 396 826 375 Interbank deposits 413 330 744 Loans received* 13,673 13,735 12,460 Call deposits received 187 575 293 Other liabilities 2 2 5 Total 14,671 15,468 13,877 *) The item Loans received includes financing of long-term leasing contracts in EUR (so-called "matched funding") received by the subsidiary ING Lease Sp. z o. o. from ING Bank N.V. and other banks not related to the Group. This item also includes liabilities due to non-preferred senior loans (NPS) received by ING Bank Śląski S.A. from ING Bank N.V. More information on NPS loans can be found in chapter 13.1.3. MREL requirements. 8.14. Financial liabilities measured at fair value through profit or loss as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Financial liabilities held for trading, including: valuation of derivatives 734 733 864 book short position in trading securities 105 487 110 repo transactions - 180 - Total 839 1,400 974 8.15. Liabilities to customers as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Deposits, including: 223,650 218,148 209,157 Corporate banking 90,373 92,474 89,626 current deposits 59,373 60,947 56,308 including O/N deposits 5,114 5,045 6,689 saving deposits 19,910 20,010 18,595 term deposits 11,090 11,517 14,723 Retail banking 133,277 125,674 119,531 current deposits 33,868 31,850 30,757 saving deposits 80,225 76,338 73,144 term deposits 19,184 17,486 15,630 Other liabilities, including: 18,288 1,848 4,384 repo transactions 16,307 - 1,998 cash collateral liabilities 751 751 789 call deposits received 9 7 10 other liabilities 1,221 1,090 1,587 Total 241,938 219,996 213,541
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 34 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 8.16. Provisions as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Provision for off-balance sheet liabilities 86 105 141 Provision for legal risk of FX mortgage loans 238 253 214 Provision for retirement benefits 108 104 95 Provision for restructuring 75 91 106 Provision for litigation 44 46 38 Other provisions 38 37 51 Total 589 636 645 Provision for litigation Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Provision for litigation at the beginning of the period 45 46 38 39 Changes during the period, including: -1 -2 - -1 provisions recognised 2 3 - 1 provisions reversed -1 -2 - -1 provisions utilised -2 -3 - -1 Provision for litigation at the end of the period 44 44 38 38 Legal risk related to the portfolio of loans indexed to CHF To date, the Bank has not received any class action, and neither of the clauses used by the Bank in the agreements has been entered in the register of prohibited clauses. As at 30 June 2025, 1,653 court cases were pending against the Bank (1,673 cases at the end of 2024) in connection with concluded CHF-indexed loan agreements in PLN. The outstanding principal of the mortgage loans to which these proceedings related was PLN 283 million as at 30 June 2025 (PLN 284 million at the end of 2024). By 30 June 2025, 871 court cases had ended with a final court judgement. Information on changes in the legal environment related to the legal risk of the portfolio of loans indexed to CHF, in particular on the judgments of the Court of Justice of the European Union (CJEU) and the judgments and resolutions of the Supreme Court (SN) issued by 31 December 2024 are included in the annual consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2024 to 31 December 2024. The most important findings related to the legal risk of the CHF-indexed loan portfolio in H1 2025 are presented below: • By the resolution of seven judges of 5 March 2025, file ref. no. III CZP 37/24, the Supreme Court found that "In the event of an investigation from the bank of repayment of the benefit provided on the basis of the loan agreement, which turned out to be non-binding, the bank is not entitled to retention under Article 496 in conjunction with Article 497 of the Civil Code". The Supreme Court’s position on the charge of detention is unfavourable for banks in CHF loan processes. However, the impact of this judgement on the proceedings against the Bank will be limited, as the Bank’s attorneys first submit in the proceedings statements on deduction, which are generally taken into account, and then the allegation of detention becomes devoid of purpose. • On 19 June 2025, the CJEU issued a judgement in one of the Polish cases concerning the recovery of capital by banks after cancellation of a mortgage loan agreement in CHF. The CJEU has questioned the compatibility with European Union law of the so-called theory of two conditions, which has so far been widely used in Polish case law. It was based on the assumption that each party to the annulled contract had its own claim. The consumer has the right to recover all instalments paid to the bank and the bank has the right to pursue the capital (in two separate civil proceedings). The CJEU stated that such an approach is contrary to EU law. Both claims should be considered in one proceeding. The bank is only entitled to make a difference between its claim and the consumer's claim (balance theory). Analyses of the impact of the above-mentioned judgement on the situation of banks are currently underway, in particular monitoring of court rulings issued after this judgement, however the Bank does not expect that the judgement will adversely affect the level of provisions for legal risk estimated at the end of H1 2025. Settlement programme The Bank offers borrowers with CHF-indexed mortgage loans the possibility of concluding voluntary settlements. By the end of H1 2025, the Bank had concluded 880 settlements (by the end of 2024: 840 settlements), including 789 settlements before the PFSA Court of Arbitration (by the end of 2024: 777 settlements, respectively).
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 35 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 8.17. Other liabilities as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Accruals, including: 1,216 1,053 1,317 due to employee benefits 241 406 238 due to commissions 267 210 250 due to general and administrative expenses 534 437 678 liabilities due to the obligatory annual contribution to the BFG resolution fund 174 - 151 Other liabilities, including: 2,603 2,528 2,613 lease liabilities 513 529 548 interbank settlements 1,119 1,023 1,226 settlements with suppliers 153 163 127 public and legal settlements 198 196 187 commitment to pay to the BFG resolution fund 244 244 199 commitment to pay to the BFG guarantee fund 187 172 172 other 189 201 154 Total 3,819 3,581 3,930 8.18. Fair value 8.18.1. Financial assets and liabilities measured at fair value in the statement of financial position In 2025, there were no transfers between levels of the valuation hierarchy, as in 2024. In H1 2025, valuation techniques for levels 1 and 2 did not change. The tables present the carrying amounts of financial assets and liabilities measured at fair value, broken down by measurement hierarchy levels. as at 30 Jun 2025 level 1 level 2 level 3 Total Financial assets, including: 38,889 1,159 313 40,361 Financial assets held for trading, including: 551 1,112 - 1,663 valuation of derivatives - 812 - 812 other financial assets held for trading, including: 551 300 - 851 debt securities, including: 551 182 - 733 treasury bonds in PLN 369 - - 369 Czech Treasury bonds 182 - - 182 treasury bills - 182 - 182 repo transactions - 118 - 118 Financial assets other than those held for trading, measured at fair value through profit or loss, including: - - 12 12 loans are obligatorily measured at fair value through profit or loss - - 11 11 equity instruments - - 1 1 Derivative hedge instruments - 47 - 47 Financial assets measured at fair value through other comprehensive income, including: 24,913 - 301 25,214 debt securities, including: 24,913 - - 24,913 treasury bonds in PLN 19,707 - - 19,707 European Union bonds 2,086 - - 2,086 European Investment Bank bonds 2,706 - - 2,706 Austrian government bonds 414 - - 414 equity instruments - - 301 301 Transferred assets, including: 13,425 - - 13,425 Treasury bonds in PLN from the portfolio of financial assets measured at fair value through other comprehensive income 13,425 - - 13,425 Financial liabilities, including: 105 791 - 896 Financial liabilities held for trading, including: 105 734 - 839 valuation of derivatives - 734 - 734 book short position in trading securities 105 - - 105 Derivative hedge instruments - 57 - 57
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 36 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million as at 31 Dec 2024 level 1 level 2 level 3 Total Financial assets, including: 32,385 1,466 276 34,127 Financial assets held for trading, including: 521 1,405 - 1,926 valuation of derivatives - 898 - 898 other financial assets held for trading, including: 521 507 - 1,028 debt securities, including: 521 - - 521 treasury bonds in PLN 499 - - 499 Czech Treasury bonds 22 - - 22 repo transactions - 507 - 507 Financial assets other than those held for trading, measured at fair value through profit or loss, including: - - 22 22 loans are obligatorily measured at fair value through profit or loss - - 21 21 equity instruments - - 1 1 Derivative hedge instruments - 61 - 61 Financial assets measured at fair value through other comprehensive income, including: 31,685 - 254 31,939 debt securities, including: 31,685 - - 31,685 treasury bonds in PLN 26,371 - - 26,371 treasury bonds in EUR 2,064 - - 2,064 European Union bonds 2,838 - - 2,838 Austrian government bonds 412 - - 412 equity instruments - - 254 254 Transferred assets, including: 179 - - 179 Treasury bonds in PLN from the portfolio of financial assets measured at fair value through profit or loss 179 - - 179 Financial liabilities, including: 487 996 - 1,483 Financial liabilities held for trading, including: 487 913 - 1,400 valuation of derivatives - 733 - 733 book short position in trading securities 487 - - 487 repo transactions - 180 - 180 Derivative hedge instruments - 83 - 83 The financial assets classified to level 3 of the valuation hierarchy as at 30 June 2025 and as at 31 December 2024 include unlisted equity instruments and loans that did not meet the SPPI criterion according to IFRS 9. Equity instruments Fair value measurement of unquoted equity interests in other companies is based on the discounted cash flow, dividend or economic value added model. Estimates of future cash flows were prepared based on medium-term profitability forecasts prepared by the Management Boards of these companies. The discount rate is based on the cost of equity estimated using the CAPM (Capital Asset Pricing Model). At the end of H1 2025, it was in the range of 11.4%-13.4%, depending on the company (11.7-13.7% at the end of 2024). Fair value measurement of unquoted equity interests in other companies as at 30 June 2025 and 31 December 2024 covered the following entities: Biuro Informacji Kredytowej S.A., Krajowa Izba Rozliczeniowa S.A. and Polski Standard Płatności sp. z o.o. Loans The fair value methodology of the loan portfolio is based on the discounted cash flow method. Under this method, for each contract being valued, expected cash flows are estimated, discount factors for particular payment dates and the value of discounted cash flows is determined as at the valuation date. Valuation models are powered by business parameters for individual contracts and parameters observable by the market, such as interest rate curves, liquidity cost and cost of capital. The change in the parameters adopted for the valuation did not have a significant impact on the valuation value as at 30 June 2025. Change in financial assets classified to level 3 of measurement During H1 2025, the change in the valuation of equity instruments classified as level 3 measured in other comprehensive income amounted to PLN 47 million (compared to PLN 2 million in H1 2024). The impact on profit and loss account of the valuation of loans classified to level 3 was immaterial in H1 2025, similarly to H1 2024.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 37 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 loans obligatorily measured at fair value through profit or loss equity instruments measured at fair value through profit or loss equity instruments measured at fair value through other comprehensive income loans obligatorily measured at fair value through profit or loss equity instruments measured at fair value through other comprehensive income Opening balance 21 1 254 39 236 Additions, including: - - 47 - 2 valuation referred to accumulated other comprehensive income - - 47 - 2 Reductions, including: -10 - - -13 - loan repayments -10 - - -13 - Closing balance 11 1 301 26 238 8.18.2. Financial assets and liabilities not measured at fair value in the statement of financial position The Group discloses data on the fair value of financial assets and liabilities measured at amortised cost including the effective interest rate. The methods used to calculate fair value for disclosures as at 30 June2025 have not changed compared to those used at the end of 2024 (a detailed description of the approach to fair value measurement of assets and liabilities that are not presented at fair value in the statement of financial position is included in the annual consolidated financial statements for the period from 1 January 2024 to 31 December 2024). There were no transfers between valuation levels in 2025, as in 2024. as at 30 Jun 2025 Carrying amount Fair value level 1 level 2 level 3 Total Investment securities at amortised cost, including: 30,948 16,273 13,976 - 30,249 treasury bonds in PLN 7,725 7,502 - - 7,502 treasury bonds in EUR 2,070 1,984 - - 1,984 European Investment Bank bonds 7,013 6,787 - - 6,787 bonds of the Polish Development Fund (PFR) 2,829 - 2,674 - 2,674 bonds of Bank Gospodarstwa Krajowego 1,819 - 1,812 - 1,812 NBP bills 9,492 - 9,490 - 9,490 Transferred assets, including: 3,006 2,886 - - 2,886 Treasury bonds in PLN from the portfolio of financial assets measured at amortised cost 3,006 2,886 - - 2,886 Loans and receivables to customers at amortised cost, including: 173,321 - 1,100 173,200 174,300 Corporate banking segment, including: 95,002 - - 95,360 95,360 loans and advances (in the current account and term ones) 70,573 - - 71,280 71,280 lease receivables 13,552 - - 13,336 13,336 factoring receivables 6,524 - - 6,524 6,524 corporate and municipal debt securities 4,353 - - 4,220 4,220 Retail banking segment, including: 75,080 - - 75,701 75,701 mortgages 65,336 - - 65,796 65,796 other loans and advances 9,744 - - 9,905 9,905 Other receivables 3,239 - 1,100 2,139 3,239 Liabilities to customers 241,938 - - 241,883 241,883 Liabilities under debt securities issued 509 - - 515 515 Subordinated liabilities 1,487 - - 1,634 1,634
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 38 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million as at 31 Dec 2024 Carrying amount Fair value level 1 level 2 level 3 Total Investment securities at amortised cost, including: 27,053 20,459 5,384 - 25,843 treasury bonds in PLN 11,859 11,317 - - 11,317 treasury bonds in EUR 2,872 2,750 - - 2,750 European Investment Bank bonds 6,654 6,392 - - 6,392 bonds of the Polish Development Fund (PFR) 3,860 - 3,618 - 3,618 bonds of Bank Gospodarstwa Krajowego 1,808 - 1,766 - 1,766 Loans and receivables to customers at amortised cost, including: 166,677 - 1,040 165,836 166,876 Corporate banking segment, including: 93,052 - - 93,329 93,329 loans and advances (in the current account and term ones) 68,572 - - 69,213 69,213 lease receivables 13,342 - - 13,134 13,134 factoring receivables 6,571 - - 6,571 6,571 corporate and municipal debt securities 4,567 - - 4,411 4,411 Retail banking segment, including: 70,387 - - 70,309 70,309 mortgages 61,114 - - 60,783 60,783 other loans and advances 9,273 - - 9,526 9,526 Other receivables 3,238 - 1,040 2,198 3,238 Liabilities to customers 219,996 - - 219,925 219,925 Liabilities under debt securities issued 509 - - 509 509 Subordinated liabilities 1,499 - - 1,610 1,610 9. Dividend payment On 29 April 2025, the Ordinary General Meeting of the Bank adopted a resolution on the payment of dividend from the profit for 2024. Pursuant to this resolution, the Bank paid a dividend in the total amount of PLN 3,276 million, i.e. PLN 25.18 gross per share. The dividend date (i.e. the date on which the owners of the shares acquire the right to dividend) is set for 6 May 2025 and the dividend payment date is set for 12 May 2025. 10. Off-balance sheet items as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Off-balance sheet commitments given 57,164 54,505 53,389 Off-balance sheet commitments received 26,194 26,224 22,690 Off-balance sheet financial instruments 1,584,503 1,552,691 1,498,100 Total 1,667,861 1,633,420 1,574,179 As at 30 June 2025, the Group also had granted off-balance sheet commitments (so-called commitments under binding offers) in the amount of PLN 2,421 million (PLN 904 million as at 31 December 2024). In the case of loans to natural persons, the obligation under the binding offer arises as a result of the transfer to the customer of a credit decision (in the case of mortgage loans) and additionally a draft agreement for a specific credit product (in the case of other loans to natural persons). In the case of loans and advances for corporate banking clients, the obligation arises under the binding offer in the case of an offer submitted in a tender (e.g. for local government units), a promise to grant a loan or guarantee issued or the delivery to the client of a letter signed by the Bank confirming a positive credit decision containing all key and non-negotiable elements of the offer (Committed Term Sheet). 11. Update of information on administrative proceedings and court proceedings regarding WIBOR and free loan sanctions The value of proceedings concerning liabilities or receivables pending in H1 2025 did not exceed 10% of the Group’s equity. In the Group’s opinion, none of the individual proceedings pending in H1 2025 in front of a court, arbitration court or public administration authority, or all of them jointly pose a threat to the Group’s financial liquidity. Detailed information on the legal environment related to the legal risk of the CHF-indexed mortgage portfolio and information on court cases in connection with concluded CHF-indexed mortgage loan agreements are presented in note 8.16. Provisions. Information on pending proceedings in relation to which no significant changes occurred in H1 2025 is provided in the annual consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2024 to 31 December 2024. PFSA proceedings • On 12 October 2018, the Polish Financial Supervision Authority imposed a fine on the Bank in the amount of PLN 0.5 million, pursuant to Art. 232 sec. 1 of the Act on Investment Funds and Alternative Investment Funds Management, in the wording before the amendment made by the Act of 31 March 2016, in connection with the breach of depository’s obligations set out in Art. 72 of the Act in connection with the Bank acting
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 39 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million as the depositary of the Inventum Premium SFIO and Inventum Parasol FIO funds with separate sub-funds. In the course of reconsidering the case, the PFSA confirmed the violations and did not identify any circumstances that would justify reducing the fine. In connection with the proceedings, a provision in the amount of PLN 0.5 million was created in December 2018. The Bank paid the imposed fine in Q3 2020. On 1 October 2020, the Bank appealed against the said decision to the Provincial Administrative Court. In the judgment of 7 April 2021, the Provincial Administrative Court overruled the decision of 12 October 2018 and the decision of the Polish Financial Supervision Authority of 12 August 2020 upholding this decision. The PFSA filed a complaint with the Supreme Administrative Court on 27 July 2021. On 25 August 2021, the Bank responded to the complaint. On 19 March 2025, a hearing was held before the Supreme Administrative Court. The Supreme Administrative Court overturned the judgement of the Voivodeship Administrative Court of 7 April 2021 and referred the case for reconsideration. The Supreme Administrative Court assessed that the Voivodeship Administrative Court prematurely found the allegation of a breach of substantive law by the PFSA. In the Supreme Administrative Court’s opinion, the justification for the PFSA’s decision may lead to a conclusion as to which legal provision was violated by the Bank, for which an administrative sanction was imposed, and the PFSA did not have to indicate these violations in the content of the decision itself (which was argued by the Voivodeship Administrative Court). The Voivodeship Administrative Court, when re-examining a case, is bound by the findings of the Supreme Administrative Court. Until the end of the court proceedings, the decision of the PFSA remains invalid. • On 22 November 2023, the Polish Financial Supervision Authority initiated an administrative proceeding regarding the imposition of a fine on ING Bank Śląski S.A. pursuant to Art. 176i sec. 1 point 4 of the Act on Trading in Financial Instruments. In May 2025, the proceedings were discontinued in their entirety. Litigation concerning loans based on variable interest rate and the rules for determining the WIBOR reference rate As at 30 June 2025, 234 court proceedings were pending against the Bank (196 proceedings as at 31 December 2024) in which clients question the basis of the mortgage loan agreement on the variable interest rate structure and the rules for determining the WIBOR reference rate. The Bank questions the validity of the claims raised in these cases, as the use of the WIBOR index is compliant with the law. The WIBOR benchmark is set by an administrator, independent of the Bank, and supervised by the Polish Financial Supervision Authority. When granting such loans, the Bank provides clients with all the information required by law, i.e. the ratio and the risk of variable interest rate. This is confirmed by the case law to date, which is favourable for the Bank. As at 30 June 2025, 23 cases were already completed with a positive result (12 cases as at 31 December 2024). On 11 June 2025, a hearing was held before the CJEU, during which the judges heard the positions of participants in the proceedings. Both the representative of the EC and the representative of the Polish and Portuguese Governments presented a position in line with the position of the banking sector, i.e. that there are no grounds to examine WIBOR and question its reliability, credibility and legality. It is an objective, market-based indicator and depends primarily on the monetary policy of the central bank. According to these positions, WIBOR is an objective, market-based and dependent primarily on the monetary policy of the central bank, and its determination is fully transparent and open. During the hearing, it was reported that the Advocate General will prepare an opinion to be delivered on 11 September 2025. Court proceedings concerning the sanction of free credit As at 30 June 2025, there were 97 court proceedings against the Bank (78 proceedings as at 31 December 2024) regarding the free loan sanction. As at 30 June 2025, 32 cases were already completed (23 cases as at 31 December 2024), and none of them had any irregularities in contracts that would have been the basis for recognising the statement on the sanction of the free loan. Other proceedings On 23 January 2020, the Bank received from the President of the Personal Data Protection Office (President of UODO) information on the control of the compliance of personal data processing with the provisions on personal data protection, i.e. Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation) and the Act of 10 May 2018 on the protection of personal data. On 9 December 2021, the Bank received a notification from the President of UODO of ex officio initiation of administrative proceedings in this area. On 28 July 2025, the Bank received the decision of UODO to impose a fine of PLN 18 million. The amount of the fine will be recognized in the cost of the 3rd quarter of 2025. 12. Transactions with related parties ING Bank Śląski S.A. is a subsidiary of ING Bank NV, which as at 30 June 2025 held 75% shares in the share capital of ING Bank Śląski S.A. and 75% shares in the total number of votes at the General Meeting of ING Bank Śląski S.A. The ultimate Parent entity is ING Groep N.V. based in the Netherlands. ING Bank Śląski conducts transactions with ING Bank N.V. and its subsidiaries on the interbank market. These are both short-term deposits and loans as well as derivatives operations. The Bank also maintains bank accounts of ING Group entities, and also receives and provides guarantees to ING Group entities. ING Lease Sp. z o.o., a subsidiary, received from ING Bank N.V. long-term financing of leasing contracts in EUR (so- called "matched funding"). In addition, the Bank has two subordinated loans and three non-preferred senior (NPS) loans in its balance sheet, which result from agreements concluded with ING Bank N.V.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 40 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million The operating costs incurred by the Bank on behalf of the parent entity result primarily from contracts for the provision of consulting and advisory services, data processing and analysis, providing software licences and IT support. As regards costs incurred by the Bank on behalf of other related parties, outsourcing agreements concerning the provision of system resource hosting services for various applications, lease of IT equipment, monitoring of availability and performance of IT applications and infrastructure, as well as penetration tests and IT security monitoring play a dominant role. Costs are presented at net value (excluding VAT). All the above-mentioned transactions are carried out on market terms. The tables present numerical information on revenues and costs as well as receivables, liabilities and off-balance sheet operations that result from transactions concluded between the Group and its related parties. ING Bank N.V. other ING Group entities associates ING Bank N.V. other ING Group entities associates H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Revenue and costs Revenue, including: -494 1 34 228 3 26 interest and commission income/expenses -41 3 34 1 3 26 result on financial instruments -455 -2 - 225 - - other core business result 2 - - 2 - - Operating costs -196 -27 - -177 -26 - ING Bank N.V. other ING Group entities associates ING Bank N.V. other ING Group entities associates as at 30 Jun 2025 as at 31 Dec 2024 Receivables Nostro accounts 3 7 - 5 1 - Positive valuation of derivatives 94 - - 181 - - Reverse repo transactions 22,236 - - 20,351 - - Other claims 2 - - 3 - - Liabilities Deposits received 393 200 15 475 239 55 Loans received, including: 13,673 - - 13,735 - - Non Preferred Senior (NPS) loan 8,981 - - 9,055 - - Subordinated loan 1,487 - - 1,499 - - Loro accounts 25 38 - 247 72 - Negative valuation of derivatives 147 3 - 34 - - Other liabilities 237 10 - 231 17 - Off-balance-sheet operations Off-balance sheet liabilities granted 427 281 - 667 183 - Off-balance sheet liabilities received 920 9 - 973 9 - FX transactions 16,984 281 - 14,427 - - IRS 188 - - 188 - - Options 706 - - 591 - - 12.1. ING Bank Śląski shares held by members of the Bank’s Management Board and members of the Bank’s Supervisory Board As part of the Incentive Programme addressed to persons having a significant impact on the Bank’s risk profile, the Bank grants free-of-charge own shares as a component of variable remuneration. As at 30 June 2025, Members of the Bank’s Management Board in the new composition appointed on 29 April 2025 held a total of 21,149 shares, which consisted of: • non-deferred own shares for the period from 1 July to 31 December 2022 (4,725 shares after taking into account the sale of 1,328 shares),
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 41 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million • the first part of the deferred shares for the period from 1 July to 31 December 2022 (751 shares after taking into account the sale of 52 shares) and non-deferred shares for the period from 1 January to 31 December 2023 (6,625 shares after taking into account the sale of 592 shares), • the second part of the deferred shares for the period from 1 July to 31 December 2022 (805 shares), the first part of the deferred shares for the period from 1 January to 31 December 2023 (1,641 shares) and non- deferred shares for the period from 1 January to 31 December 2024 (6,602 shares). As at 31 December 2024, Members of the Bank’s Management Board held a total of 17,498 shares, which consisted of non-deferred own shares for the period from 1 July to 31 December 2022 (6,835 shares after taking into account the sale of 937 shares), the first part of deferred shares for the period from 1 July to 31 December 2022 (1,079 shares) and non-deferred shares for the period from 1 January to 31 December 2023 (9,584 shares). Members of the Bank’s Supervisory Board did not hold any shares in ING Bank Śląski S.A. either as at 30 June 2025 or as at 31 December 2024. 12.2. Remuneration of the members of the Board and Supervisory Board of ING Bank Śląski Remuneration of ING Bank Śląski S.A. Management Board Members H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Salaries 8 7 Other benefits* 2 1 Total 10 8 *) Other benefits include insurance, payments to the investment fund, medical care and other benefits granted by the Supervisory Board of the Bank. Benefits for 2025 for members of the Management Board of ING Bank Śląski S.A. resulting from the Variable Remuneration Program have not yet been granted. In accordance with the remuneration system in force at the Bank, members of the Bank's Management Board may be entitled to a bonus for 2025, the payment of which will take place in the years 2026-2033. Therefore, a provision was created for the payment of the bonus for 2025 for members of the Management Board, which as at 30 June 2025 amounted to PLN 6 million. The final decision regarding the amount of this bonus will be taken by the Supervisory Board of the Bank. Benefits paid to members of the Management Board of ING Bank Śląski S.A. H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Salaries 8 7 Awards* 6 8 Other benefits** 2 1 Total 16 16 *) The awards for H1 2025 include components such as: − Bonus under the Variable Remuneration Program: for 2024 non-deferred cash, for 2023 first tranche deferred cash, for 2022 second tranche cash deferred, for 2021 third tranche cash deferred, for 2020 third tranche cash deferred, for 2019 fourth tranche cash deferred and for 2018 fifth deferred cash tranche − Phantom Shares under the Variable Remuneration Program: for 2022 first tranche deferred, for 2021 second tranche deferred, for 2020 second tranche deferred, for 2019 third tranche deferred, for 2018 fourth tranche deferred and for 2017 fifth tranche deferred. The awards for H1 2024 include components such as: − Bonus under the Variable Remuneration Program: for 2023 non-deferred cash, for 2022 first tranche deferred cash, for 2021 first tranche cash deferred, for 2020 second tranche cash deferred, for 2019 third tranche cash deferred and for 2018 fourth deferred cash tranche and for 2017 V fifth deferred cash tranche. − Phantom Shares under the Variable Remuneration Program: for 2022 held over, for 2021 first tranche deferred, for 2020 first tranche deferred, for 2019 second tranche deferred, for 2018 third tranche deferred and for 2017 four tranche deferred. **) Other benefits include insurance, payments to the investment fund, medical care and other benefits granted by the Supervisory Board of the Bank. Remuneration of the members of the Supervisory Board of ING Bank Śląski S.A. In H1 2025 the total amount of remuneration due and paid by ING Bank Śląski S.A. members of the Supervisory Board amounted to PLN 0.8 million compared to PLN 0.6 million in H1 2024.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 42 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 13. Risk and capital management Detailed disclosures regarding risk and capital management in the Group have been presented in the annual consolidated financial statements of the ING Bank Śląski S.A. Capital Group for the period from 1 January 2024 to 31 December 2024. The most significant changes in H1 2025 in the processes and regulations of managing individual risk types are presented below. 13.1. Capital management In H1 2025, the Group continued its efforts to implement its capital management strategy. In the internal capital adequacy assessment process in Q1 2025, the Group summarised subsequent workshops on risk materiality assessment. The workshops did not modify the credit risk sub-category, however a new portfolio quality risk sub- category was created, which covered the existing residual risk and the risk of reduction in the economic value of the credit exposure as a result of deterioration of the counterparty’s ability to service the liability, transferred from the default and counterparty risk. The changes were made in order to organise the classification and did not change the materiality of individual credit risk components. All of these credit risk components were and still are classified as permanently material. The classification of other risks materiality has not been changed. Currently, the Group identifies 9 types of permanently significant risk (default and counterparty risk, portfolio quality risk, concentration risk, residual value risk, currency risk, general and specific interest rate risk in the trading book, interest rate risk in the banking book, liquidity and financing risk, and operational risk) and 2 types of material risk (other non-credit assets risk and macroeconomic risk). 13.1.1. Minimum capital requirements As at 30 June 2024, the minimum capital requirements for the ING Group of Bank Śląski are: • Common Equity Tier 1 (CET1) >= 8.01%, • Tier 1 ratio (T1) >= 9.51%, • Total capital ratio (TCR) >= 11.51%. The surplus of the total capital ratio over the regulatory requirement (together with P2G) decreased, compared to the end of 2024, from 4.16 p.p. to 4.15 p.p. and the surplus of the Tier 1 ratio increased from 5.07 p.p. to 5.18 p.p. 13.1.2. Total capital ratio as at 30 Jun 2025* 31 Dec 2024** 30 Jun 2024 A. Own equity in the statement of financial position, including: 17,616 17,170 14,173 A.I. Own equity included in the own funds calculation 18,764 18,743 17,679 A.II. Own equity excluded from own funds calculation -1,148 -1,573 -3,506 B. Other elements of own funds (decreases and increases), including: 456 858 610 value adjustments due to prudent valuation requirements -41 -35 -34 goodwill and other intangible assets -474 -495 -469 deferred tax assets based on future profitability and not arising from temporary differences after deducting related income tax liabilities - -1 -1 shortfall in credit risk adjustments against expected losses under the IRB approach -450 -202 -337 shortfall in coverage for non-performing exposures -31 -22 -36 transitional adjustments to common equity Tier 1 capital 268 249 35 equity instruments qualifying as Tier 2 capital 1,184 1,340 1,452 surplus of provisions over the expected credit losses under the IRB approach - 24 0 Own funds taken into account in total capital ratio calculation (A.I. + B), including: 19,220 19,601 18,289 Core Tier 1 capital 18,036 18,237 16,837 Tier 2 capital 1,184 1,364 1,452 Risk weighted assets, including: 122,739 125,111 118,602 for credit risk 107,089 105,612 101,831 for operational risk 14,456 18,276 15,476 other 1,194 1,223 1,295 Total capital requirements 9,819 10,009 9,488 Total capital ratio (TCR) 15.66% 15.67% 15.42% minimum required level 11.51% 11.51% 11.32% surplus TCR ratio 4.15 p.p. 4.16 p.p. 4.10 p.p. Tier 1 ratio (T1) 14.69% 14.58% 14.20% minimum required level 9.51% 9.51% 9.32% surplus T1 ratio 5.18 p.p. 5.07 p.p. 4.88 p.p.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 43 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million *) On 1 January 2025, amended capital adequacy regulations - CRR3 (Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and minimum capital threshold) came into force. **) On 29 April 2025 the Ordinary General Meeting of the Bank approved the distribution of the profit for 2024. The inclusion of the net profit earned in 2024 in own funds as at 31 December 2024 resulted in an increase in the Group’s TCR and Tier 1 ratios to 15.67% and 14.58%, respectively, as presented in the table. According to the values presented in the Group’s annual consolidated financial statements for the period from 1 January 2024 to 31 December 2024, the Group’s TCR and Tier 1 ratios as at 31 December 2024 were 14.85% and 13.76%, respectively. Transitional provisions As at 30 June 2025 and as at 31 December 2024, in the calculation of capital ratios, the Group applied a temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income in accordance with Article 468 of CRR. Additionally, as at 31 December 2024, the Group used transitional provisions to mitigate the impact of the implementation of IFRS 9 on the level of own funds, similarly as at 30 June 2024. If the Group did not apply the transitional provisions, the capital ratios of the Group would be as follows: as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 the level of capital ratios without transitional provisions: for the temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income in accordance with Article 468 of the CRR 1. for the temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income in accordance with Article 468 of the CRR; and to mitigate the impact of IFRS 9 implementation on the level of own funds 2. to mitigate the impact of IFRS 9 implementation on the level of own funds Total capital ratio (TCR) 15.46% 15.49% 15.39% Tier 1 capital ratio 14.50% 14.40% 14.17% 13.1.3. MREL requirements as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 MREL - TREA 25.55% 24.15% 23.14% minimum required level (including combined buffer requirement) 19.76% 19.95% 19.45% surplus (+) / deficiency (-) of the MREL - TREA ratio 5.79 p.p. 4.20 p.p. 3.69 p.p. minimum required level (not including combined buffer requirement) 16.25% 16.44% 16.44% surplus (+) / deficiency (-) of the MREL - TREA ratio 9.30 p.p. 7.71 p.p. 6.70 p.p. MREL - TEM 9.88% 11.12% 10.50% minimum required level 5.91% 5.91% 5.91% surplus (+) / deficiency (-) of the MREL - TEM ratio 3.97 p.p. 5.21 p.p. 4.59 p.p. At the end of H1 2025, the Bank had two non-preferred senior loans (NPS) from ING Bank N.V. with a nominal value of EUR 2,110 million. The loans are part of the ING Group’s Single Point of Contact (SPE) strategy. The Bank includes NPS loan funds in eligible liabilities for the purposes of the Minimum Requirement of Own Funds and Eligible Liabilities (MREL). As at 30 June 2025, the carrying amount of liabilities due to NPS loans was PLN 8,981 million (compared to PLN 9,055 million as at 31 December 2024 and PLN 7,615 million as at 30 June 2024) and was recognised in the statement of financial position in the item Liabilities to banks. Detailed information on the current MREL requirements can be found in section 2. Significant events in H1 2025. 13.2. Credit risk Main changes in the Group's credit policy: Loans to retail customers In the area of mortgage and consumer loans: • a periodic maintenance cost update has been carried out, • approved RAS internal limits for 2025 for retail segments (including new limits regarding the share of loans from DSTI>60% and the 30-year tenor in new acquisition), • a new monitoring strategy for the CLN and MTG portfolio was approved as part of the EBA LOM PIAS initiative. In the area of mortgage loans: • implemented haircuts on the risk of transformation and physical in the valuation of real estate (in the process of monitoring the value of real estate) - rules and data control,
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 44 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million • analyses were approved and rules for the use of price change indicators in the process of land and garage monitoring were agreed, • the principle of determining the market value was implemented in all processes of assessing the value of the property (resignation from determining the value enforced in favour of the prudential value, taking into account the risks), • clients with a high DSTI ratio and a low income buffer were monitored - requirement of Recommendation S, • the 2nd and 3rd stage of the automated EasyHipo mortgage process was implemented. In the area of consumer loans: • credit card limits for customers in the Premium sub-segment were increased, • the limit for the maximum amount of a single loan in the MING channel for new customers of the Bank was increased, • launched BIK Overdebt in the Intermediaries channel. Loans to entrepreneurs (sole proprietorships) in the corporate segment • a periodic maintenance cost update has been carried out, • approved RAS internal limits for 2025, • a new PKD 2025 classification was introduced, • the rules for lending to clients with a longer period of business activity were changed, despite their short period of cooperation with the Bank. Loans to corporate customers (excluding loans to entrepreneurs) • introduced a new PD model for large enterprises (Large Corporates), • the third path of revenue real estate financing (transactions > EUR 9 million) was covered by a process dedicated to Business Banking clients. So far, such transactions have been carried out according to processes as for Wholesale Banking, • further optimisation of the process of granting and managing ABL Limits under the One Financing approach, i.e. a joint credit process for ING Bank Śląski S.A., ING Lease (Polska) Sp. z o.o. and ING Commercial Finance S.A., which ensures the best possible adjustment of the offer to the financial needs of customers, • the provisions of the Security Instructions have been updated in order to adapt them to the requirements of CRR3. • changes have been introduced to the prefixes and rating classes for which financing and renewal may be granted in the Easy Lending processes. 13.3. Operational risk After the completion of the implementation of the DORA Regulation, as of 17 January 2025, the Bank implements the requirements in this respect as part of its current operations. This mainly concerns incident reporting to the regulator and the analysis of contracts and suppliers. In addition, the Bank reported the register of information to the regulator within the required deadline. In H1 2025, part of the activities of the 2nd line of defence in the area of operational risk were reorganised, the organisational structure was adapted to the changing conditions of the internal and external environment, the work of the Non-Financial Risk Committee was intensified, and risk guidelines were updated in areas such as physical security, business continuity, risk, IT and internal event management. The model for calculating the Bank’s risk level, based on data metrics, was also partially changed, and the change management guidelines and risk culture principles were updated. Further optimisation of the division of tasks related to operational risk management in the Bank between the 1st and 2nd line of defence as well as review and update of the non-financial risk management framework in the Bank’s subsidiaries remains in progress. 13.4. ESG risk In H1 2025, the Bank continued its ESG risk management activities, including: • work was carried out to improve the precision of the threat assessment for physical risk for the Bank’s credit exposures, • in H1 2025, as part of local liquidity stress-tests and ICAAP stress-tests for credit risk, the Bank included a climate factor in the stress scenario, • the methodology was implemented and the materiality of climate and environmental risks for compliance risk and operational risk was assessed, • a list of inflows, risks and opportunities in the ESG area was introduced and a methodology was implemented to assess the materiality of ESG - IRO inflows, risks and opportunities (DMA methodology - double materiality methodology), • calculations of the Bank’s carbon footprint were carried out within categories 13 and 15 of Scope III.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 45 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 13.5. Other risk Compliance risk In H1 2025, the Bank continued its efforts to ensure compliance with regulatory requirements, in particular the guidelines of the EBA, PFSA and GIIF. Internal regulations on compliance risk, including personal data, were updated. Model risk In H1 2025, the Regulations of the Model Risk Committee, the Model Validation Policy and regulations specifying it in detail, along with the adaptation of the model validation process to them, were updated. In addition, an annual model materiality review was carried out, which verified the model materiality and updated where appropriate. Macroeconomic risk The Bank manages this risk by regularly conducting internal stress tests, which allows for ongoing monitoring of the sensitivity of the minimum capital requirements to macroeconomic factors. The last update of the macroeconomic risk requirement took place in H1 2025 and was based on the ICAAP stress-tests results as at 31 December 2024. The instruction for calculating this capital was also updated at that time. In the current approach, all ICAAP scenarios are used, and the calculation of the capital needed is based on the one that gives the highest requirement. This allows the Bank to take into account a wider range of risks to which it is exposed in the calculations.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 46 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million SIGNATURES OF THE MANAGEMENT BOARD MEMBERS OF ING BANK ŚLĄSKI S.A. 2025-07-30 Michał Bolesławski President The original Polish document is signed with a qualified electronic signature 2025-07-30 Joanna Erdman Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Marcin Giżycki Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Bożena Graczyk Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Marcin Kościński Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Michał H. Mrożek Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Maciej Ogórkiewicz Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Alicja Żyła Vice-President The original Polish document is signed with a qualified electronic signature SIGNATURE OF THE PERSON RESPONSIBLE FOR ACCOUNTS 2025-07-30 Jolanta Alvarado Rodriguez Lead of Centre of Expertise Accounting Policy and Financial Reporting The original Polish document is signed with a qualified electronic signature
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 47 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS OF ING BANK ŚLĄSKI S.A. INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS OF ING BANK ŚLĄSKI S.A. Interim condensed income statement Interim condensed statement of comprehensive income Interim condensed statement of financial position Interim condensed statement of changes in equity Interim condensed cash flow statement Additional information to the interim condensed separate financial statements
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 48 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Interim condensed income statement Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Net interest income 3,316 6,545 2,976 6,062 calculated using the effective interest rate method 3,173 6,235 2,777 5,657 other interest income 143 310 199 405 Interest expense -1,248 -2,369 -1,023 -2,043 Interest income 2,068 4,176 1,953 4,019 Commission income 731 1,437 699 1,395 Commission expense -166 -315 -151 -292 Net commission income 565 1,122 548 1,103 Net income on financial instruments measured at fair value through profit or loss and FX result 171 278 66 84 Net income on the sale of securities measured at amortised cost -4 -3 1 -5 Net income on the sale of financial assets measured at fair value through other comprehensive income and dividend income 3 3 1 3 Net (loss)/income on hedge accounting -34 -29 2 -1 Net (loss)/income on other basic activities -5 -1 -1 1 Net income on basic activities 2,764 5,546 2,570 5,204 General and administrative expenses -1,001 -2,151 -922 -1,961 Impairment for expected credit losses -184 -366 -265 -436 including profit on sale of receivables 45 45 - - Cost of legal risk of FX mortgage loans -1 -1 -26 -27 Tax on certain financial institutions -198 -394 -179 -366 Share of the net profits of subsidiaries and associates measured by equity method 76 124 40 80 Gross profit 1,456 2,758 1,218 2,494 Income tax -321 -609 -253 -536 Net profit 1,135 2,149 965 1,958 Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Net profit 1,135 2,149 965 1,958 Weighted average number of ordinary shares 130,205,083 130,175,225 130,158,661 130,130,664 Earnings per ordinary share (PLN) 8.72 16.51 7.41 15.05 The diluted earnings per share are the same as the profit per one ordinary share. Interim condensed separate income statement shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 49 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Interim condensed statement of comprehensive income Q2 2025 the period from 1 Apr 2025 to 30 Jun 2025 H1 2025 YTD the period from 1 Jan 2025 to 30 Jun 2025 Q2 2024 the period from 1 Apr 2024 to 30 Jun 2024 H1 2024 YTD the period from 1 Jan 2024 to 30 Jun 2024 Net profit for the reporting period 1,135 2,149 965 1,958 Total other comprehensive income, including: 992 1,595 106 -169 Items that may be reclassified to profit or loss, including: 954 1,557 104 -171 debt instruments measured at fair value through other comprehensive income - gains on revaluation carried through equity -14 -19 -32 118 debt instruments measured at fair value through other comprehensive income - reclassification to financial result due to sale -3 -3 -2 -4 loans measured at fair value through other comprehensive income - revaluation gains / losses related to equity 47 27 1 10 cash flow hedge - gains on revaluation carried through equity 482 669 -283 -1,114 cash flow hedge - reclassification to profit or loss 442 883 420 819 Items that will not be reclassified to profit or loss, including: 38 38 2 2 equity financial instruments measured at fair value through other comprehensive income - gains on revaluation carried through equity 38 38 2 2 Net comprehensive income for the reporting period 2,127 3,744 1,071 1,789 Interim condensed separate statement of comprehensive income shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 50 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Interim condensed statement of financial position as at Note 30 Jun 2025 31 Dec 2024 30 Jun 2024 transformed data Assets Cash and cash equivalents 8,826 8,360 3,337 Loans and other receivables to other banks 26,525 25,063 22,636 Financial assets measured at fair value through profit or loss 1,675 1,948 1,316 Derivative hedge instruments 47 61 103 Investment securities 56,063 58,892 58,844 Transferred assets 16,431 179 1,996 Loans and other receivables to customers 4.1 163,153 156,496 151,693 Investments in subsidiaries and associates accounted for using the equity method 2,077 1,969 1,815 Property, plant and equipment 922 969 982 Intangible assets 447 416 453 Deferred tax assets 388 467 444 Other assets 152 121 145 Total assets 276,706 254,941 243,764 as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Liabilities Liabilities to other banks 9,986 10,803 9,044 Financial liabilities measured at fair value through profit or loss 839 1,400 974 Derivative hedge instruments 57 83 149 Liabilities to customers 242,044 219,941 213,518 Subordinated liabilities 1,487 1,499 1,514 Provisions 585 633 640 Current income tax liabilities 453 15 51 Other liabilities 3,675 3,460 3,808 Total liabilities 259,126 237,834 229,698 Equity Share capital 130 130 130 Share premium 956 956 956 Accumulated other comprehensive income -3,167 -4,762 -5,381 Retained earnings 19,667 20,783 18,372 Own shares for the purposes of the incentive program -6 - -11 Total equity 17,580 17,107 14,066 Total liabilities and equity 276,706 254,941 243,764 Interim condensed separate statement of financial position shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 51 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Interim condensed statement of changes in equity H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 Share capital Share premium Accumulated other comprehensive income Retained earnings Own shares for the purposes of the incentive program Total equity Opening balance of equity 130 956 -4,762 20,783 0 17,107 Net profit for the current period - - - 2,149 - 2,149 Other net comprehensive income, including: - - 1,595 - - 1,595 financial assets measured at fair value through other comprehensive income - revaluation gains / losses carried through equity - - 46 - - 46 debt securities measured at fair value through other comprehensive income - reclassification to profit or loss due to sale - - -3 - - -3 cash flow hedge - revaluation gains / losses carried through equity - - 669 - - 669 cash flow hedge - reclassification to profit or loss - - 883 - - 883 Other changes in equity, including: - - - -3,265 -6 -3,271 dividend payment - -3,276 - -3,276 valuation of employee incentive programs - - - 11 - 11 purchase of own shares for the purposes of the employee incentive program - - - - -6 -6 Closing balance of equity 130 956 -3,167 19,667 -6 17,580 Interim condensed separate statement of changes in equity shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 52 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 2024 the period from 1 Jan 2024 to 31 Dec 2024 Share capital Share premium Accumulated other comprehensive income Retained earnings Own shares for the purposes of the incentive program Total equity Opening balance of equity 130 956 -5,212 20,750 -5 16,619 Net profit for the current period - - - 4,369 - 4,369 Other net comprehensive income, including: - - 450 - - 450 financial assets measured at fair value through other comprehensive income - revaluation gains / losses carried through equity - - 124 - - 124 debt securities measured at fair value through other comprehensive income - reclassification to profit or loss due to sale - - 9 - - 9 cash flow hedge - revaluation gains / losses carried through equity - - -1,447 - - -1,447 cash flow hedge - reclassification to profit or loss - - 1,767 - - 1,767 actuarial gains/losses - - -3 - - -3 Other changes in equity, including: - - - -4,336 5 -4,331 dividend payment - - - -4,339 - -4,339 valuation of employee incentive programs - - - 4 - 4 purchase of own shares for the purposes of the employee incentive program - - - - -6 -6 settlement of the acquisition of own shares and their transfer to employees - - - -1 11 10 Closing balance of equity 130 956 -4,762 20,783 0 17,107 Interim condensed separate statement of changes in equity shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 53 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Share capital Share premium Accumulated other comprehensive income Retained earnings Own shares for the purposes of the incentive program Total equity Opening balance of equity 130 956 -5,212 20,750 -5 16,619 Profit for the current period - - - 1,958 - 1,958 Other net comprehensive income, including: - - -169 - - -169 financial assets measured at fair value through other comprehensive income - gains/losses on revaluation carried through equity - - 130 - - 130 debt securities measured at fair value through other comprehensive income - reclassification to profit or loss due to sale - - -4 - - -4 cash flow hedging - gains/losses on revaluation carried through equity - - -1,114 - - -1,114 cash flow hedging - reclassification to profit or loss - - 819 - - 819 Other changes in equity, including: - - - -4,336 -6 -4,342 dividend payment - -4,339 - -4,339 valuation of employee incentive programmes - - - 3 - 3 purchase of own shares for the purposes of the employee incentive program - - - - -6 -6 Closing balance of equity 130 956 -5,381 18,372 -11 14,066 Interim condensed separate statement of changes in equity shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 54 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Interim condensed cash flow statement H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 transformed data Net profit 2,149 1,958 Adjustments, including: 8,970 -4,548 Share of profit/(loss) of subsidiaries and associates accounted for using the equity method -124 -80 Depreciation and amortisation 144 151 Interest accrued (from the income statement) -4,176 -4,019 Interest paid -2,091 -1,788 Interest received 6,102 5,772 Dividends received -2 -2 Income tax (from the income statement) 609 536 Income tax paid -468 -103 Change in provisions -48 104 Change in loans and other receivables to other banks -1,454 -60 Change in financial assets measured at fair value through profit or loss 269 954 Change in hedge derivatives 1,904 -390 Change in investment securities 9,963 -5,531 Change in transferred assets -15,961 -1,821 Change in loans and other receivables to customers -6,582 -4,999 Change in other assets -69 -139 Change in liabilities to other banks -807 222 Change in liabilities measured at fair value through profit or loss -548 -848 Change in liabilities to customers 22,046 8,494 Change in subordinated liabilities -12 -12 Change in other liabilities 275 -989 Net cash flows from operating activities 11,119 -2,590 H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 transformed data Acquisition of property, plant and equipment -26 -17 Acquisition of intangible assets -64 -46 Acquisition of debt securities measured at amortized cost -13,608 -12,668 Disposal of debt securities measured at amortized cost 6,600 16,255 Dividends received 18 33 Net cash flows from investment activities -7,080 3,557 Interest payment on long-term loans -244 -276 Repayment of lease liabilities -47 -48 Purchase of own shares for the purposes of the employee incentive program -6 -6 Dividends paid -3,276 -4,339 Net cash flows from financial activities -3,573 -4,669 Net increase/(decrease) in cash and cash equivalents 466 -3,702 of which effect of exchange rate changes on cash and cash equivalents -89 283 Opening balance of cash and cash equivalents 8,360 7,039 Closing balance of cash and cash equivalents 8,826 3,337 Interim condensed separate cash flow statement shall be read in conjunction with the notes to interim condensed consolidated financial statements being the integral part thereof.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 55 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Additional information to the interim condensed separate financial statements 1. Introduction 1.1. Going concern These interim condensed separate financial statements of ING Bank Śląski S.A. have been prepared on the assumption that business activity will continue in the foreseeable future, i.e. for at least 12 months from the date of publication, i.e. from 31 July 2025. The Bank’s Management Board is not aware of any facts or circumstances that would indicate a threat to the Bank’s ability to continue as a going concern within 12 months from the date of publication as a result of the Bank’s intentional or forced discontinuation or significant limitation of its existing activity. 1.2. Compliance with International Financial Reporting Standards These interim condensed separate financial statements of the ING Bank Śląski S.A. for the period from 1 January 2025 to 30 June 2025 were prepared under the IAS 34 Interim Financial Reporting (International Accounting Standards) in a version approved by the European Commission and effective as at the reporting date, that is 30 June 2025 as well as in accordance with the Ordinance of Finance Minister of 29 March 2018 on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state (Journal of Laws of 2018, item 757). Presented financial statements have been prepared in a condensed version. The interim condensed financial statements do not provide all data or disclosures required in the annual financial statements and should be interpreted together with and the annual financial statements of the ING Bank Śląski S.A. for the period from 1 January 2024 to 31 December 2024, which was approved on 29 April 2025 by the Bank’s General Meeting and is available on the website of ING Bank Śląski S.A. (www.ing.pl) and the interim condensed consolidated financial statements of the ING Bank Śląski S.A. Group for H1 2025. Interim condensed separate income statement, interim condensed separate statement of comprehensive income, interim condensed separate statement of changes in equity and interim condensed separate cash flow statement for the period from 1 January 2025 to 30 June 2025 and interim condensed separate statement of financial position as at 30 June 2025, together with comparable data were prepared according to the same principles of accounting for each period. 1.3. Reporting period and comparable data Interim condensed separate financial statements of ING Bank Śląski S.A. covers the period from 1 January 2025 to 30 June 2025 and includes comparative data: • as at 31 December 2024 and 30 June 2024 - for the interim condensed statement of financial position, • for the period from 1 January 2024 to 30 June 2024 and from 1 April 2024 to 30 June 2024 - for the interim condensed income statement and interim condensed statement of comprehensive income • for the period from 1 January 2024 to 30 June 2024 - for interim condensed statement of cash flows, • for the period from 1 January 2024 to 31 December 2024 and from 1 January 2024 to 30 June 2024 - for the interim condensed statement of changes in equity. 1.4. Financial statements scope and currency All significant disclosures from the Bank's point of view were presented in the interim condensed consolidated financial statements for H1 2025. These interim condensed separate financial statements have been prepared in Polish zlotys ("PLN"). All values, unless indicated otherwise, are rounded up to million. As a result, there may be instances of mathematical inconsistency in the totals or between individual notes. 1.5. Approval of the financial statements This interim condensed separate financial statements were approved for publication by the Bank’s Management Board on 29 July 2025. The annual financial statements of the ING Bank Śląski S.A. for the period from 1 January 2024 to 31 December 2024 were approved by the General Meeting on 29 April 2025. 1.6. Changes in accounting standards In these interim condensed separate financial statements, the same accounting principles were applied as applied in the preparation of the full annual financial statements for 2024 (annual financial statements of ING Bank Śląski S.A. for the period from 1 January 2024 to 31 December 2024) and the standards and interpretations approved by the European Union, applicable to annual periods beginning on or after 1 January 2025, which were presented in the interim condensed consolidated financial statements of the ING Bank Śląski S.A. Group for H1 2025.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 56 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 2. Significant accounting principles and key estimates Detailed accounting principles and key estimates are presented in the annual financial statements of the of ING Bank Śląski S.A. for the period from 1 January 2024 to 31 December 2024. In addition, with respect to interim financial statements, the Bank applies the principle of recognizing the financial result income tax charges based on the best estimate of the weighted average annual income tax rate expected by the Bank in the full financial year. In H1 2025, no significant changes were made to the accounting principles applied by the Bank. The most important estimates that changed in H1 2025 compared to those presented in the annual financial statements of ING Bank Śląski S.A. for the period from 1 January 2024 to 31 December 2024 are described in the interim condensed consolidated financial statements in point 5.1. Key estimates. 3. Comparability of financial data Changes in the statement of financial position In these interim condensed financial statements for the period from 1 January 2025 to 30 June 2025, compared to the interim condensed financial statements for the period from 1 January 2024 to 30 June 2024, the Bank has introduced changes in the presentation of cash and cash equivalents in the statement of financial position. The Cash in hand and balances with the Central Bank item has been replaced by Cash and cash equivalents. The new item included financial assets previously presented in the item Cash in hand and balances with the Central Bank, i.e. cash, other cash and balances with the Central Bank and selected financial assets previously presented in the item Loans and other receivables to other banks, i.e. balances on current accounts and overnight deposits with other banks and balances of call deposits with other banks. The amendment was aimed at harmonising data on cash and cash equivalents between the statement of financial position and the statement of cash flows and adapts the presentation to the position of the IFRS Interpretative Committee and the requirements of IAS 7 Statement of cash flows, as well as to the changing market practice in this respect. The data as at 30 June 2024 have been restated in order to achieve comparability. The table contains individual items presented in assets of the statement of financial position, in the breakdown and at values presented in the interim condensed financial statements for the period from 1 January 2024 to 30 June 2024 and in the breakdown and at values presented in this interim condensed financial statements. Liabilities and equity did not change and did not require restatement. as at 30 June 2024 in the interim condensed financial statements for the period from 1 January 2024 to 30 June 2024 (published data)) change in the interim condensed financial statements for the period from 1 January 2025 to 30 June 2025 (comparable data) Assets Cash in hand and balances with the Central Bank 3,164 -3,164 not applicable Cash and cash equivalents not applicable 3,337 3,337 Loans and other receivables to other banks 22,809 -173 22,636 Financial assets measured at fair value through profit or loss 1,316 1,316 Derivative hedge instruments 103 103 Investment securities 58,844 58,844 Transferred assets 1,996 1,996 Loans and other receivables to customers 151,693 151,693 Investments in subsidiaries and associates accounted for using the equity method 1,815 1,815 Property plant and equipment 982 982 Intangible assets 453 453 Deferred tax assets 444 444 Other assets 145 145 Total assets 243,764 0 243,764 Changes in the statement of cash flows Compared to the interim condensed financial statements for the period from 1 January 2024 to 30 June 2024, the Bank changed the presentation of dividends received from subsidiaries. In previous periods, they were presented in changes in other assets in cash flows from operating activities, while in this interim condensed financial statements for the period from 1 January 2025 to 30 June 2025 they are presented in the item Dividends received in cash flows from investing activities. Data for H1 2024 have been changed to ensure comparability. The table presents items of the statement of cash flows, the value of which has changed compared to those presented in the interim condensed financial statements for the period from 1 January 2024 to 30 June 2024.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 57 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million H1 2024 in the interim condensed financial statements for the period from 1 January 2024 to 30 June 2024 (published data) change in the interim condensed financial statements for the period from 1 January 2025 to 30 June 2025 (comparable data) Operating activities Adjustments, including: -4,517 -31 -4,548 Change in other liabilities -108 -31 -139 Net cash flows from operating activities -2,559 -31 -2,590 investment activities Dividends received 2 31 33 Net cash flows from investment activities 3,526 31 3,557 4. Supplementary notes to interim condensed separate financial statements 4.1. Loans and other receivables to customers as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Measured at amortised cost 156,050 150,037 144,821 Measured at fair value through other comprehensive income 7,103 6,459 6,872 Total 163,153 156,496 151,693 Some of the mortgage loans have been designated by the Bank for the "Holding and Sell" business model and may be sold to ING Bank Hipoteczny S.A. (being a subsidiary of the Bank) as part of the so-called pooling. These loans are measured at fair value through other comprehensive income. From the point of view of the consolidated financial statements, pooled loans still meet the criterion of the "Maintenance" business model, due to the fact that pooling transactions take place within the Capital Group. The Bank uses the discounted cash flow model to measure mortgage loans assigned to the portfolio measured at fair value. Due to the use of input data in the valuation model that is not based on observable market data, the valuation technique belongs to Level 3.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 58 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Loans and receivables to customers measured at amortised as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 gross impairment for expected credit loss net gross impairment for expected credit loss net gross impairment for expected credit loss net Loan portfolio, of which: 156,774 -3,915 152,859 150,492 -3,657 146,835 146,970 -3,689 143,281 Corporate banking 92,392 -3,162 89,230 90,085 -2,798 87,287 89,722 -2,667 87,055 overdrafts 19,687 -276 19,411 17,724 -219 17,505 18,598 -229 18,369 term loans and advances 68,349 -2,883 65,466 67,790 -2,575 65,215 66,942 -2,436 64,506 debt securities (corporate and municipal) 4,356 -3 4,353 4,571 -4 4,567 4,182 -2 4,180 Retail banking 64,382 -753 63,629 60,407 -859 59,548 57,248 -1,022 56,226 mortgages 54,035 -151 53,884 50,435 -160 50,275 47,519 -186 47,333 loans in the current account 676 -58 618 688 -64 624 691 -69 622 other loans and advances 9,671 -544 9,127 9,284 -635 8,649 9,038 -767 8,271 Other receivables, of which: 3,191 - 3,191 3,202 - 3,202 1,540 - 1,540 reverse repo transactions 1,100 - 1,100 1,040 - 1,040 - - - call deposits placed 981 - 981 759 - 759 527 - 527 other 1,110 - 1,110 1,403 - 1,403 1,013 - 1,013 Total 159,965 -3,915 156,050 153,694 -3,657 150,037 148,510 -3,689 144,821
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 59 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Quality of loan portfolio as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 gross impairment for expected credit loss net gross impairment for expected credit loss net gross impairment for expected credit loss net Corporate banking 92,392 -3,162 89,230 90,085 -2,798 87,287 89,722 -2,667 87,055 assets in Stage 1 78,540 -128 78,412 75,584 -128 75,456 76,278 -161 76,117 assets in Stage 2 8,936 -354 8,582 9,840 -359 9,481 10,161 -455 9,706 assets in Stage 3 4,916 -2,680 2,236 4,661 -2,311 2,350 3,283 -2,051 1,232 Retail banking 64,382 -753 63,629 60,407 -859 59,548 57,248 -1,022 56,226 assets in Stage 1 60,986 -92 60,894 52,860 -103 52,757 51,737 -134 51,603 assets in Stage 2 2,539 -136 2,403 6,626 -163 6,463 4,419 -151 4,268 assets in Stage 3 854 -525 329 918 -593 325 1,089 -737 352 POCI assets 3 - 3 3 - 3 3 - 3 Total, of which: 156,774 -3,915 152,859 150,492 -3,657 146,835 146,970 -3,689 143,281 assets in Stage 1 139,526 -220 139,306 128,444 -231 128,213 128,015 -295 127,720 assets in Stage 2 11,475 -490 10,985 16,466 -522 15,944 14,580 -606 13,974 assets in Stage 3 5,770 -3,205 2,565 5,579 -2,904 2,675 4,372 -2,788 1,584 POCI assets 3 - 3 3 - 3 3 - 3 The Bank identifies POCI financial assets whose balance sheet value as at 30 June 2025 amounted to PLN 3 million (similar to 31 December 2024 and as at 30 June 2024). These are exposures due to impaired receivables acquired in connection with the acquisition of SKOK Bieszczadzka in 2017 and exposures that were significantly modified as a result of restructuring, which involved the need to remove the original credit commitment and re-recognition of the asset in the statement of financial position. 4.2. Fair value 4.2.1. Financial assets and liabilities measured at fair value in the statement of financial position In 2025, there were no transfers between levels of the valuation hierarchy, as in 2024. The fair value measurement methods adopted as at 30 June 2025 have not changed compared to those used at the end of 2024 (a detailed description of the approach to fair value measurement of assets and liabilities can be found in the annual financial statements for the period from 1 January 2024 to 31 December 2024). The carrying amounts of financial assets and liabilities measured at fair value are presented below, broken down by measurement hierarchy levels.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 60 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million as at 30 Jun 2025 level 1 level 2 level 3 Total Financial assets, including: 38,790 1,159 7,416 47,365 Financial assets held for trading, including: 551 1,112 - 1,663 valuation of derivatives - 812 - 812 other financial assets held for trading, including: 551 300 - 851 debt securities, including: 551 182 - 733 treasury bonds in PLN 369 - - 369 Czech Treasury bonds 182 - - 182 treasury bills - 182 - 182 repo transactions - 118 - 118 Financial assets other than those held for trading, measured at fair value through profit or loss, including: - - 12 12 loans are obligatorily measured at fair value through profit or loss - - 11 11 equity instruments - - 1 1 Derivative hedge instruments - 47 - 47 Financial assets measured at fair value through other comprehensive income, including: 24,814 - 301 25,115 debt securities, including: 24,814 - - 24,814 treasury bonds in PLN 19,608 - - 19,608 European Union bonds 2,086 - - 2,086 European Investment Bank bonds 2,706 - - 2,706 Austrian government bonds 414 - - 414 equity instruments - - 301 301 Transferred assets, including: 13,425 - - 13,425 Treasury bonds in PLN from the portfolio of financial assets measured at fair value through other comprehensive income 13,425 - - 13,425 Loans measured at fair value through other comprehensive income - - 7,103 7,103 Financial liabilities, including: 105 791 - 896 Financial liabilities held for trading, including: 105 734 - 839 valuation of derivatives - 734 - 734 book short position in trading securities 105 - - 105 Derivative hedge instruments - 57 - 57 as at 31 Dec 2024 level 1 level 2 level 3 Total Financial assets, including: 32,285 1,466 6,735 40,486 Financial assets held for trading, including: 521 1,405 - 1,926 valuation of derivatives - 898 - 898 other financial assets held for trading, including: 521 507 - 1,028 debt securities, including: 521 - - 521 treasury bonds in PLN 499 - - 499 Czech Treasury bonds 22 - - 22 repo transactions - 507 - 507 Financial assets other than those held for trading, measured at fair value through profit or loss, including: - - 22 22 loans are obligatorily measured at fair value through profit or loss - - 21 21 equity instruments - - 1 1 Derivative hedge instruments - 61 - 61 Financial assets measured at fair value through other comprehensive income, including: 31,585 - 254 31,839 debt securities, including: 31,585 - - 31,585 treasury bonds in PLN 26,271 - - 26,271 European Union bonds 2,064 - - 2,064 European Investment Bank bonds 2,838 - - 2,838 Austrian government bonds 412 - - 412 equity instruments - - 254 254 Transferred assets, including: 179 - - 179 Treasury bonds in PLN from the portfolio of financial assets measured at fair value through profit or loss 179 - - 179 Loans measured at fair value through other comprehensive income - - 6,459 6,459 Financial liabilities, including: 487 996 - 1,483 Financial liabilities held for trading, including: 487 913 - 1,400 valuation of derivatives - 733 - 733 book short position in trading securities 487 - - 487 repo transactions - 180 - 180 Derivative hedge instruments - 83 - 83
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 61 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million Movements in financial assets classified to the level 3 of measurement In H1 2025, the change in the valuation of equity instruments classified to level 3 included in other comprehensive income amounted to PLN 47 million (compared to PLN 2 million in H1 2024). The impact of the valuation of loans classified under level 3 of the measurement was in H1 2025: • for loans measured at fair value through other comprehensive income: PLN 33 million (compared to PLN 12 million in H1 2024) and was reflected in the Bank's statement of financial position under Accumulated other comprehensive income, • for loans mandatorily at fair value through profit or loss: the impact was immaterial (as in H1 2024), H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Loans obligatorily measured at fair value through profit or loss Equity instruments measured at fair value through profit or loss Equity instruments measured at fair value through other comprehensive income Loans measured at fair value through other comprehensive income Loans obligatorily measured at fair value through profit or loss Equity instruments measured at fair value through other comprehensive income Loans measured at fair value through other comprehensive income Opening balance 21 1 254 6,459 39 236 6,473 Increases, including: - - 47 1,127 - 2 1,026 loans granted in the period / acquisition of investments - - - 1,079 - - 1,026 valuation referred to accumulated other comprehensive income - - 47 48 - 2 - Reductions, including: -10 - - -483 -13 - -627 loan repayments / disposal of investments -10 - - -140 -13 - -246 valuation referred to accumulated other comprehensive income - - - - - - -17 sale to ING Bank Hipoteczny S.A. - - - -343 - - -364 Closing balance 11 1 301 7,103 26 238 6,872
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 62 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 4.2.2. Financial assets and liabilities not measured at fair value in the statement of financial position The Bank discloses data on the fair value of financial assets and liabilities measured at amortised cost including the effective interest rate. The methods used to calculate fair value for disclosures as at 30 June 2025 have not changed compared to those used at the end of 2024 (a detailed description of the approach to fair value measurement of assets and liabilities that are not presented at fair value in the statement of financial position is included in the annual financial statements for the period from 1 January 2024 to 31 December 2024). In 2025, there were no transfers between levels of the valuation hierarchy, as in 2024. as at 30 Jun 2025 Carrying amount Fair value level 1 level 2 level 3 Total Investment securities at amortised cost, including: 30,948 16,273 13,976 - 30,249 treasury bonds in PLN 7,725 7,502 - - 7,502 treasury bonds in EUR 2,070 1,984 - - 1,984 European Investment Bank bonds 7,013 6,787 - - 6,787 bonds of the Polish Development Fund (PFR) 2,829 - 2,674 - 2,674 bonds of Bank Gospodarstwa Krajowego 1,819 - 1,812 - 1,812 NBP bills 9,492 - 9,490 - 9,490 Transferred assets, including: 3,006 2,886 - - 2,886 Treasury bonds in PLN from the portfolio of financial assets measured at amortised cost 3,006 2,886 - - 2,886 Loans and receivables to customers at amortised cost, including: 156,050 - 1,100 156,122 157,222 Corporate banking segment, including: 89,230 - - 89,804 89,804 loans and advances (in the current account and term ones) 84,877 - - 85,584 85,584 corporate and municipal debt securities 4,353 - - 4,220 4,220 Retail banking segment, including: 63,629 - - 64,227 64,227 mortgages 53,884 - - 54,321 54,321 other loans and advances 9,745 - - 9,906 9,906 Other receivables 3,191 - 1,100 2,091 3,191 Liabilities to customers 242,044 - - 241,989 241,989 Subordinated liabilities 1,487 - - 1,634 1,634 as at 31 Dec 2024 Carrying amount Fair value level 1 level 2 level 1 Total Investment securities at amortised cost, including: 27,053 20,459 5,384 - 25,843 treasury bonds in PLN 11,859 11,317 - - 11,317 treasury bonds in EUR 2,872 2,750 - - 2,750 European Investment Bank bonds 6,654 6,392 - - 6,392 bonds of the Polish Development Fund (PFR) 3,860 - 3,618 - 3,618 bonds of Bank Gospodarstwa Krajowego 1,808 - 1,766 - 1,766 Loans and receivables to customers at amortised cost, including: 150,037 - 1,040 149,447 150,487 Corporate banking segment, including: 87,287 - - 87,772 87,772 loans and advances (in the current account and term ones) 82,720 - - 83,361 83,361 corporate and municipal debt securities 4,567 - - 4,411 4,411 Retail banking segment, including: 59,548 - - 59,513 59,513 mortgages 50,275 - - 49,987 49,987 other loans and advances 9,273 - - 9,526 9,526 Other receivables 3,202 - 1,040 2,162 3,202 Liabilities to customers 219,941 - - 219,870 219,870 Subordinated liabilities 1,499 - - 1,610 1,610
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 63 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 5. Capital adequacy 5.1. Total capital ratio as at 30 Jun 2025* 31 Dec 2024** 30 Jun 2024 Own funds 19,384 19,660 18,338 Total capital requirements 8,976 9,563 8,993 Total capital ratio (TCR) 17.28% 16.45% 16.31% Tier 1 ratio (T1) 16.22% 15.31% 15.02% *) On 1 January 2025, amended capital adequacy regulations - CRR3 (Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and minimum capital threshold) came into force. **) On 29 April 2025, the Ordinary General Meeting of the Bank approved the distribution of the profit for 2024. The inclusion of the net profit earned in 2024 in own funds as at 31 December 2024 resulted in an increase in the Bank’s TCR and Tier 1 ratios to 16.45% and 15.31%, respectively, as presented in the table. According to the values presented in the Bank’s annual financial statements for the period from 1 January 2024 to 31 December 2024, the Bank’s TCR and Tier 1 ratios as at 31 December 2024 were 15.62% and 14.48%, respectively. Transitional provisions As at 30 June 2025 and as at 31 December 2024, in the calculation of capital ratios, the Bank applied a temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income in accordance with Article 468 of CRR. Additionally, as at 31 December 2024, the Bank used transitional provisions to mitigate the impact of the implementation of IFRS 9 on the level of own funds, similarly as at 30 June 2024. If the Bank did not apply the transitional provisions, the Bank’s capital ratios would be as follows: as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 the level of capital ratios without transitional provisions for the temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income in accordance with Article 468 of the CRR 1. for the temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income in accordance with Article 468 of the CRR; and to mitigate the impact of IFRS 9 implementation on the level of own funds 2. to mitigate the impact of IFRS 9 implementation on the level of own funds Total capital ratio (TCR) 17.06% 16.26% 16.29% Tier 1 capital ratio 16.00% 15.12% 14.99% 5.2. MREL requirements The most important information regarding MREL requirements is described in the interim condensed consolidated financial statements in point 13.1.3. MREL requirements. 6. Dividend payment Information on the dividends payment is presented in the interim condensed consolidated financial statements in point 9. Dividend payment.
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 64 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million 7. Off-balance sheet items as at 30 Jun 2025 31 Dec 2024 30 Jun 2024 Off-balance sheet commitments given 58,452 56,584 56,317 Off-balance sheet commitments received 25,348 25,112 21,901 Off-balance sheet financial instruments 1,584,503 1,552,691 1,498,100 Total 1,668,303 1,634,387 1,576,318 As at 30 June 2025, the Bank also had granted off-balance sheet commitments (so-called commitments under binding offers) in the amount of PLN 2,421 million (PLN 904 million as at 31 December 2024). For more information on the identification of commitments under the binding offers, see the interim condensed consolidated financial statements in point 10. Off-balance sheet items. 8. Significant events in H1 2025 Significant events that occurred in H1 2025 are described in the interim condensed consolidated financial statements in point 2. Significant events in H1 2025. 9. Significant events after balance sheet date None. 10. Transactions with related parties The most important information regarding the Bank’s transactions with related parties is presented in the interim condensed consolidated financial statements in point 12. Transactions with related parties. In addition, in H1 2025, the Bank sold to ING Bank Hipoteczny S.A. (a subsidiary) receivables from the mortgage backed loan portfolio in the amount of PLN 353 million. As at 30 June 2025, the receivables from ING Bank Hipoteczny S.A. regarding the deferred payment on account of the sale transaction amounted to PLN 34 million and were recognised in the item Loans and other receivables granted to other banks. In 2024, the Bank carried out two receivables sales transactions to ING Bank Hipoteczny S.A. in the total amount of PLN 1.192 million. The purchase price was determined at the market value level each time. The tables present numerical information on receivables, liabilities and off-balance sheet operations as well as income and expenses that result from transactions concluded between the Bank and its related entities. ING Bank NV other ING Group entities subsidiaries associates ING Bank NV other ING Group entities subsidiaries associates as at 30 Jun 2025 as at 31 Dec 2024 Receivables Nostro accounts 3 7 - - 5 1 - - Loans granted - - 8,487 - - - 15,298 - Positive valuation of derivatives 94 - - - 181 - - - Reverse repo 22,236 - - - 20,351 - - - Other receivables 2 - 10 - 3 - 12 - Liabilities Deposits received 393 200 407 15 475 239 302 55 Loans received 8,981 - - - 9,055 - - - Subordinated loan 1,487 - - - 1,499 - - - Loro accounts 25 38 1 - 247 72 2 - Negative valuation of derivatives 147 3 - - 34 - - - Other liabilities 237 10 10 - 231 17 12 - Off-balance-sheet operations Off-balance sheet liabilities granted 427 281 7,150 - 667 183 7,257 - Off-balance sheet liabilities received 73 9 - - 72 9 - - FX transactions 16,984 281 - - 14,427 - - - IRS 188 - - - 188 - - - Options 706 - - - 591 - - -
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 65 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million ING Bank NV other ING Group entities subsidiaries associates ING Bank NV other ING Group entities subsidiaries associates H1 2025 the period from 1 Jan 2025 to 30 Jun 2025 H1 2024 the period from 1 Jan 2024 to 30 Jun 2024 Income and expenses Income, including: -440 1 425 34 315 3 423 26 net interest and commission income 15 3 433 34 90 3 433 26 net income on financial instruments -455 -2 - - 225 - - - net income on the sale of financial assets measured at fair value through other comprehensive income - - -9 - - - -11 - net (loss)/income on other basic activities - - 1 - - - 1 - General and administrative expenses -191 -27 -5 - -174 -30 -2 -
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Selected financial data Interim condensed consolidated income statement Interim condensed consolidated statement of comprehensive income Interim condensed consolidated statement of financial position Interim condensed consolidated statement of changes in equity Interim condensed consolidated cash flow statement Additional information to the interim condensed consolidated financial statements Interim condensed separate financial statements of ING Bank Śląski S.A. 66 | ING Bank Śląski S.A. Group | Semi-annual consolidated report for H1 2025 | Data in PLN million SIGNATURES OF THE MANAGEMENT BOARD MEMBERS OF ING BANK ŚLĄSKI S.A. 2025-07-30 Michał Bolesławski President The original Polish document is signed with a qualified electronic signature 2025-07-30 Joanna Erdman Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Marcin Giżycki Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Bożena Graczyk Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Marcin Kościński Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Ewa Łuniewska Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Michał H. Mrożek Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Maciej Ogórkiewicz Vice-President The original Polish document is signed with a qualified electronic signature 2025-07-30 Alicja Żyła Vice-President The original Polish document is signed with a qualified electronic signature SIGNATURE OF THE PERSON RESPONSIBLE FOR ACCOUNTS 2025-07-30 Jolanta Alvarado Rodriguez Lead of Centre of Expertise Accounting Policy and Financial Reporting The original Polish document is signed with a qualified electronic signature