Interim report
Page 1
ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026
Page 2
SELECTED FINANCIAL DATA FROM CONSOLIDATED FINANCIAL STATEMENTS Selected financial data from the consolidated financial statements in PLN million in EUR million* H1 2026 YTD H1 2025 YTD H1 2026 YTD H1 2025 YTD the period the period the period the period from 01.01.2026 from 01.01.2025 from 01.01.2026 from 01.01.2025 to 30.06.2026 to 30.06.2025 to 30.06.2026 to 30.06.2025 Net interest income 4,663 4,384 1,097 1,039 Net commission income 1,274 1,163 300 276 Net income on basic activities 6,264 5,819 1,473 1,379 Gross profit 3,216 2,786 756 660 Net profit attributable to the shareholders of ING Bank Śląski S.A. 2,016 2,149 474 509 Earnings per ordinary share (in PLN / in EUR) 15.48 16.51 3.64 3.91 Net cash flows 4,114 467 967 111 as at in PLN million in EUR million* 30 Jun 2026 31 Dec 2025 30 Jun 2025 30 Jun 2026 31 Dec 2025 30 Jun 2025 Total assets 313,910 282,025 281,980 73,065 66,725 66,475 Share capital 130 130 130 30 31 31 Equity attributable to the shareholders of ING Bank Śląski S.A. 19,679 21,342 17,616 4,580 5,049 4,153 Book value per share (in PLN / in EUR) 151.26 164.04 135.40 35.21 38.81 31.92 Selected financial data from the separate financial statements in PLN million in EUR million* H1 2026 YTD H1 2025 YTD H1 2026 YTD H1 2025 YTD the period the period the period the period from 01.01.2026 from 01.01.2025 from 01.01.2026 from 01.01.2025 30.06.2026 30.06.2025 30.06.2026 30.06.2025 Net interest income 4,479 4,176 1,053 989 Net commission income 1,163 1,122 274 266 Net income on basic activities 5,850 5,546 1,376 1,314 Gross profit 3,078 2,758 724 653 Net profit 1,910 2,149 449 509 Earnings per ordinary share (in PLN / in EUR) 14.67 16.51 3.45 3.91 Net cash flows 4,101 466 964 110 as at in PLN million in EUR million* 30 Jun 2026 31 Dec 2025 30 Jun 2025 30 Jun 2026 31 Dec 2025 30 Jun 2025 Total assets 306,479 275,684 276,706 71,336 65,224 65,232 Share capital 130 130 130 30 31 31 Equity 19,512 21,288 17,580 4,542 5,037 4,144 Book value per share (in PLN / in EUR) 149.98 163.63 135.13 34.91 38.71 31.86 *) 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 2026 (PLN 4.2522) and 6 months of 2025 (PLN 4.2208), – for items of the statement of financial position - average exchange rate of the NBP valid as at 30 June 2026 (PLN 4.2963), as at 31 December 2025 (PLN 4.2267) and as at 30 June 2025 (PLN 4.2419). Contents 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 standalone financial statements of ING Bank Śląski S.A.
Page 3
Key performance indicators as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 C/I - cost/income ratio 44.7% 42.9% 45.4% ROA - return on assets 1.5% 1.7% 1.7% ROE - return on equity 22.9% 24.6% 27.1% NIM - net interest margin 3.18% 3.27% 3.44% L/D - loan-to-deposit ratio 72.5% 76.6% 76.3% Total capital ratio 14.93% 15.77% 15.69% *) On 16 April 2026, the Ordinary General Meeting of the Bank approved the distribution of the profit for 2025. Including the net profit earned in 2025 as at 31 December 2025 in own funds resulted in an increase in the Group's total capital ratio (TCR) to 15.77%. According to the value presented in the annual consolidated financial statements for 2025 the total capital ratio of the Group as at 31 December 2025 was 14.98%. 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 excluding repo transactions. Total capital ratio - relationship between own funds and total risk exposure amount. Contents 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 standalone financial statements of ING Bank Śląski S.A.
Page 4
Contents INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF ING BANK ŚLĄSKI S.A. GROUP 1 Interim condensed consolidated income statement 1 Interim condensed consolidated statement of comprehensive income 2 Interim condensed consolidated statement of financial position 3 Interim condensed consolidated statement of changes in equity 4 Interim condensed consolidated cash flow statement 6 Additional information to the interim condensed consolidated financial statements 8 1. Bank and the Group details 8 2. Significant events in H1 2026 11 3. Significant events after balance sheet date 13 4. Statement of compliance with the International Financial Reporting Standards 13 5. Significant accounting principles and key estimates 16 6. Comparability of financial data 21 7. Supplementary notes to interim condensed consolidated income statement and interim condensed consolidated statement of financial position 23 8. Off-balance sheet items 36 9. Update of information on administrative proceedings and court proceedings regarding WIBOR and sanction of free credit 36 10. Transactions with related parties 37 11. Risk and capital management 40 INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS OF ING BANK ŚLĄSKI S.A. 44 Interim condensed income statement 45 Interim condensed statement of comprehensive income 46 Interim condensed statement of financial position 47 Interim condensed statement of changes in equity 48 Interim condensed cash flow statement 50 Additional information to the interim condensed separate financial statements 51 1. Introduction 51 2. Significant accounting principles and key estimates 52 3. Comparability of financial data 52 4. Supplementary notes to the interim condensed standalone financial statements 54 5. Capital adequacy 59 6. Off-balance sheet items 59 7. Significant events in H1 2026 59 8. Significant events after balance sheet date 59 9. Transactions with related parties 59 Contents 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 standalone financial statements of ING Bank Śląski S.A.
Page 5
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF ING BANK ŚLĄSKI S.A. GROUP Interim condensed consolidated income statement Note Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Interest income 3,478 6,905 3,453 6,821 calculated using effective interest rate method 3,402 6,740 3,310 6,511 other interest income 76 165 143 310 Interest expenses -1,148 -2,242 -1,280 -2,437 Net interest income 7.2 2,330 4,663 2,173 4,384 Commission income 873 1,631 747 1,472 Commission expenses -194 -357 -163 -309 Net commission income 7.3 679 1,274 584 1,163 Net income on financial instruments measured at fair value through profit or loss and FX result 7.4 108 149 171 279 Net income on the sale of securities measured at amortised cost 7.5 - -1 -4 -3 Net income on the sale of financial assets at fair value through other comprehensive income and dividend income 7.5 86 86 12 12 Net (loss)/income on hedge accounting 7.6 4 49 -34 -29 Net (loss)/income on other basic activities 21 44 7 13 Net income on basic activities 3,228 6,264 2,909 5,819 General and administrative expenses 7.7 -1,101 -2,382 -1,055 -2,257 Impairment for expected credit losses 7.8 -40 -250 -192 -401 including profit on sale of receivables 62 62 45 45 Cost of legal risk of FX mortgage loans -1 -2 -1 -1 Tax on certain financial institutions -221 -425 -198 -394 Share of profit/(loss) of associates accounted for using the equity method - 11 11 20 Gross profit 1,865 3,216 1,474 2,786 Income tax -672 -1,200 -339 -637 Net profit 1,193 2,016 1,135 2,149 attributable to shareholders of ING Bank Śląski S.A. 1,193 2,016 1,135 2,149 Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Net profit attributable to shareholders of ING Bank Śląski S.A. 1,193 2,016 1,135 2,149 Weighted average number of ordinary shares 130,232,846 130,206,113 130,205,083 130,175,225 Earnings per ordinary share (in ones) 9.16 15.48 8.72 16.51 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 1 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 6
Interim condensed consolidated statement of comprehensive income Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Net profit the period: 1,193 2,016 1,135 2,149 Total other comprehensive income, including: 1,370 -206 945 1,568 Items which can be reclassified to income statement, including: 1,347 -229 907 1,530 debt instruments measured at fair value through other comprehensive income - gains on revaluation carried through equity 92 80 -14 -19 debt instruments measured at fair value through other comprehensive income - reclassification to financial result due to sale -25 -25 -3 -3 cash flow hedging 1,280 -284 924 1,552 Items which will not be reclassified to income statement, including: 23 23 38 38 equity instruments measured at fair value through other comprehensive income - gains on revaluation carried through equity 15 15 38 38 actuarial gains/losses 8 8 - - Net comprehensive income for the reporting period 2,563 1,810 2,080 3,717 attributable to shareholders of ING Bank Śląski S.A. 2,563 1,810 2,080 3,717 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 2 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 7
Interim condensed consolidated statement of financial position as at Note 30 Jun 2026 31 Dec 2025 30 Jun 2025 1 Jan 2025 transformed data transformed data transformed data Assets Cash and cash equivalents 11,424 7,310 8,828 8,361 Loans and other receivables to other banks 7.9 825 853 869 856 Financial assets measured at fair value through profit or loss 7.10 2,864 2,340 1,675 1,948 Derivative hedge instruments 29 73 47 61 Investment securities 7.11 82,609 65,556 56,162 58,992 Transferred assets 7.10, 7.11, 7.13 5,804 - 16,431 179 Loans and other receivables to customers measured at amortised cost 7.12 188,750 180,309 172,221 165,637 Receivables from reverse repo transactions measured at amortised cost 18,526 23,101 23,336 21,819 Investments in associates accounted for using the equity method - 204 175 185 Property, plant and equipment 977 938 967 1,011 Intangible assets 1,187 551 486 457 Current income tax assets 14 12 4 14 Deferred tax assets 635 621 615 690 Other assets 266 157 164 149 Total assets 313,910 282,025 281,980 260,359 as at Note 30 Jun 2026 31 Dec 2025 30 Jun 2025 1 Jan 2025 transformed data transformed data transformed data Liabilities Liabilities to other banks 7.14 16,708 15,042 14,671 15,468 Financial liabilities measured at fair value through profit or loss 7.15 981 916 839 1,400 Derivative hedge instruments 41 77 57 83 Liabilities to customers 7.16 260,166 235,328 225,631 219,996 Liabilities from repo transactions measured at amortised cost 6,097 - 16,307 - Liabilities from debt securities issued 2,520 1,521 509 509 Subordinated liabilities 2,590 2,548 1,487 1,499 Provisions 7.17 637 643 589 636 Current income tax liabilities 672 924 455 16 Deferred tax loss - - - 1 Other liabilities 7.18 3,819 3,684 3,819 3,581 Total liabilities 294,231 260,683 264,364 243,189 Equity Share capital 1.3 130 130 130 130 Share premium 956 956 956 956 Accumulated other comprehensive income -2,090 -1,884 -3,131 -4,699 Retained earnings 20,700 22,149 19,667 20,783 Own shares for the purposes of the incentive program -17 -9 -6 - Total equity 19,679 21,342 17,616 17,170 attributable to shareholders of ING Bank Śląski S.A. 19,679 21,342 17,616 17,170 Total equity and liabilities 313,910 282,025 281,980 260,359 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 3 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 8
Interim condensed consolidated statement of changes in equity H1 2026 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 -1,884 22,149 -9 21,342 Total comprehensive income, including: - - -206 2,016 - 1,810 Net profit for the current period - - - 2,016 - 2,016 Other net comprehensive income, including: - - -206 - - -206 financial assets measured at fair value through other comprehensive income - revaluation gains / losses recognized in equity - - 95 - - 95 debt securities measured at fair value through other comprehensive income - reclassification to profit or loss due to sale - - -25 - - -25 cash flow hedge - - -284 - - -284 actuarial gains/losses - - 8 - - 8 Other changes in equity, including: - - - -3,465 -8 -3,473 dividend payment - - - -3,475 - -3,475 valuation of employee incentive programs - - - 2 - 2 purchase of own shares for the purposes of the employee incentive program - - - 8 -8 - Closing balance of equity 130 956 -2,090 20,700 -17 19,679 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 Total comprehensive income, including: - - 2,815 4,633 - 7,448 Net profit for the current period - - - 4,633 4,633 Other net comprehensive income, including: - - 2,815 - - 2,815 financial assets measured at fair value through other comprehensive income - revaluation gains / losses recognized in equity - - 35 - - 35 debt securities measured at fair value through other comprehensive income - reclassification to profit or loss due to sale - - -41 - - -41 cash flow hedge - - 2,826 - - 2,826 actuarial gains/losses - - -5 - - -5 Other changes in equity, including: - - - -3,267 -9 -3,276 dividend payment - - - -3,276 -3,276 purchase of own shares for the purposes of the employee incentive program - - - 22 -22 - settlement of the acquisition of an organized part of the enterprise - - - -13 13 - Closing balance of equity 130 956 -1,884 22,149 -9 21,342 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 4 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 9
H1 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 Total comprehensive income, including: - - 1,568 2,149 - 3,717 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 recognized in 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 - - 1,552 - - 1,552 Other changes in equity, including: - - - -3,265 -6 -3,271 dividend payment - - - -3,276 - -3,276 valuation of employee incentive programs - - - 5 - 5 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 5 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 10
Interim condensed consolidated cash flow statement H1 2026 H1 2025 YTD YTD the period the period from 1 Jan 2026 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2025 transformed data Net profit 2,016 2,149 Adjustments, including: 29,281 9,033 Share of net profit (loss) of associates accounted for using the equity method -11 -20 Depreciation and amortisation 151 154 Interest accrued (from the income statement) -4,663 -4,384 Interest paid -1,956 -2,128 Interest received 6,526 6,388 Dividends received -3 -2 Gains (losses) on investing activities 1 - Income tax (from the income statement) 1,200 637 Income tax paid -1,437 -484 Change in provisions 5 -47 Change in loans and other receivables to other banks 27 -26 Change in financial assets measured at fair value through profit or loss -522 269 Change in hedge derivatives -357 1,904 Change in investment securities 7,485 9,963 Change in transferred assets -5,703 -15,961 Change in loans and other receivables to customers measured at amortised cost -8,448 -6,530 Change in receivables from reverse repo transactions measured at amortised cost 4,571 -1,517 Change in other assets -311 -52 Change in liabilities to other banks 1,502 -756 Change in liabilities measured at fair value through profit or loss 98 -548 Change in liabilities to customers 24,791 5,578 Change in liabilities from repo transactions measured at amortised cost 6,096 16,307 Change in liabilities from debt securities issued -1 - Change in subordinated liabilities 42 -12 Change in other liabilities 198 300 Net cash flows from operating activities 31,297 11,182 H1 2026 H1 2025 YTD YTD the period the period from 1 Jan 2026 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2025 Purchase of property, plant and equipment -96 -26 Purchase of intangible assets -86 -76 Acquisition of shares in subsidiaries and associates -271 - Purchase of debt securities measured at amortised cost -40,303 -13,608 Disposal of debt securities measured at amortised cost 16,159 6,600 Dividends received 54 32 Net cash flows from investing activities -24,543 -7,078 Long-term loans received 913 911 Repayment of long-term loans -701 -899 Interest payment on long-term loans -280 -302 Proceeds from the issue of debt securities 1,000 - Repayment of interest on debt securities issued -39 -16 Repayment of lease liabilities -50 -49 Purchase of own shares for the purposes of the employee incentive program -8 -6 Dividends paid -3,475 -3,276 Net cash flows from financing activities -2,640 -3,637 Net increase/(decrease) in cash and cash equivalents 4,114 467 of which effect of exchange rate changes on cash and cash equivalents 350 -89 Opening balance of cash and cash equivalents 7,310 8,361 Closing balance of cash and cash equivalents 11,424 8,828 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 6 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 11
Additional information to the interim condensed consolidated financial statements 1. Bank and the Group details 8 2. Significant events in H1 2026 11 3. Significant events after balance sheet date 13 4. Statement of compliance with the International Financial Reporting Standards 13 5. Significant accounting principles and key estimates 16 6. Comparability of financial data 21 7. Supplementary notes to interim condensed consolidated income statement and interim condensed consolidated statement of financial position 23 8. Off-balance sheet items 36 9. Update of information on administrative proceedings and court proceedings regarding WIBOR and sanction of free credit 36 10. Transactions with related parties 37 11. Risk and capital management 40 Contents 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 standalone financial statements of ING Bank Śląski S.A. 7 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 12
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, including asset management 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. The shareholder’s structure of ING Bank Śląski S.A. ING Bank Śląski S.A. is a subsidiary of ING Bank NV, which as at 30 June 2026 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%) 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 * 7,782,036 5.98 3. Nationale Nederlanden OFE ** 7,282,649 5.60 *) Based on semi-annually reported assets structure of Allianz Polska OFE as at 30 June 2026. **) Based on semi-annually reported assets structure of Nationale Nederlanden OFE as at 30 June 2026. Contents 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 standalone financial statements of ING Bank Śląski S.A. 8 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 13
1.5. ING Bank Śląski S.A. Group ING Bank Śląski S.A. is the parent of the ING Bank Śląski S.A. Group (“Group”, “Capital Group”). The composition of the Group as at 30 June 2026 was as follows: No. name type of activity registered office nature of the capital relationship participation of ING Bank Śląski S.A. % of the Group's share in the share capital registered and votes office on the General Meeting recognition in the Group consolidated financial statements as at 30 Jun 2026 as at 31 Dec 2025 1. ING Bank Hipoteczny S.A. banking services Katowice subsidiary direct 100 100 full consolidation 2. ING Investment Holding (Polska) S.A. (ING IHP) financial holding Katowice subsidiary direct 100 100 full consolidation 3. ING Faktoring S.A.* factoring services Warszawa subsidiary indirect (via ING IHP) 100 100 full consolidation 4. ING Leasing Sp. z o.o.** leasing services Warszawa subsidiary indirect (via ING IHP) 100 100 full consolidation 5. Paymento Financial S.A. financial services and IT solutions for the financial sector Tychy subsidiary indirect (via ING IHP) 100 100 full consolidation 6. ING TFI S.A. *** investment funds Warszawa subsidiary 55% direct 45% indirect (via ING IHP) 100 45 full consolidation 7. ING Usługi dla Biznesu S.A. accounting, HR and payroll services related to access to information about the account Katowice subsidiary direct 100 100 full consolidation 8. Nowe Usługi S.A. education and promotion for the financial market and TURBO Certificates Katowice subsidiary direct 100 100 full consolidation 9. SAIO Spółka Akcyjna software sales, robotization of processes Katowice subsidiary direct 100 100 full consolidation 10. Dom Data IDS Sp. z o.o. IT services Poznań associate direct 40 40 consolidation by equity method *) On 15 April 2026, the company changed its name from ING Commercial Finance S.A. to ING Faktoring S.A. **) On 15 April 2026, the company changed its name from ING Lease (Polska) Sp. z o.o. to ING Leasing Sp. z o.o. 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. ***) On 22 June 2026, the company changed its name from Goldman Sachs TFI S.A. to ING TFI S.A. Contents 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 standalone financial statements of ING Bank Śląski S.A. 9 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 14
Execution of an agreement for the acquisition of control over ING TFI S.A. (formerly Goldman Sachs TFI S.A.) On 24 April 2026, the Bank signed a purchase agreement with Goldman Sachs Asset Management International Holdings B.V., on the basis of which the Bank acquired 115,500 shares of Goldman Sachs TFI S.A. (GS TFI, now ING TFI S.A.), representing 55% of the share capital of GS TFI and 55% of the total number of votes at the general meeting of GS TFI. More information on the above transaction is presented in this interim condensed consolidated financial statements in chapter 2. Significant events in H1 2026. On 22 June 2026, the company changed its name from Goldman Sachs TFI S.A. to ING TFI S.A. ING Investment Holding (Polska) S.A., a 100% subsidiary of the Bank, holds 94,500 shares in the share capital of ING TFI S.A. representing 45% of shares in the share capital of ING TFI S.A.and 45% of the total number of votes at the general meeting of ING TFI S.A. In connection with the execution of the transaction, the Bank’s Group holds 100% of the share capital of ING TFI S.A and the right to exercise 100% of the total number of votes at the general meeting of ING TFI S.A., and the Bank has become the direct parent of ING TFI S.A. Records of control acquisition transactions The acquisition of GS TFI meets the definition of a business combination in accordance with IFRS 3 Business Combinations and therefore it is required to apply the accounting principles set out for the acquisition method. Prior to the finalisation of the transaction to acquire 55% of shares, the Group held 45% of GS TFI shares, therefore the accounting principles for the acquisition of the entity in stages were applied. In accordance with the requirements of IFRS 3, the value of the indicated shares was revalued to fair value, which at the acquisition date was PLN 270 million of the equity interest in the acquirer (the carrying amount before the revaluation was PLN 164 million). Revaluation profit of PLN 106 million was recognised in the item Net (loss)/income on other basic activities in the statement of profit or loss. As at the date of adoption for publication of these half-yearly condensed consolidated financial statements, the cost allocation process in accordance with IFRS 3 has been completed. The fair value of identifiable net assets acquired in a business combination was determined. Recognised were intangible assets acquired in a business combination, including intangible assets related to customer relations of GS TFI. In estimating intangible assets related to customer relations recognised in the purchase price allocation, significant management judgement was related to the assessment of the ability to maintain relations with customers of the acquired Company in future periods. The valuation was carried out using the DCF (income method) and was based on the forecast assets under management, net revenues and operating costs by sales channels. Key assumptions included the expected level of customer retention and the rate of relationship loss, which directly affect the amount of future cash flows assigned to the measured asset. The discount rate was estimated on the basis of the cost of equity determined taking into account the risk-free rate, market risk premium, beta factor, enterprise size premium and specific risk premium, and then increased by an additional premium reflecting the specificity of intangible asset valuation. as of acquisition date Assets Cash and cash equivalents 134 Property, plant and equipment 8 Intangible assets acquired in a business combination 110 Deferred tax assets 3 Other assets 38 Total assets 293 Liabilities Deferred tax loss 14 Deferred tax on intangible assets acquired in a business combination 27 Other liabilities 62 Total liabilities 103 The purchase price of 55% of the shares and the fair value of 45% of the shares is PLN 675 million in total. The fair value of net assets at the acquisition date, including intangible assets arising at the acquisition date, was set at PLN 190 million, and as a consequence goodwill is PLN 485 million. The goodwill recognised at the time of the acquisition results primarily from the value of previously existing relations with ING Bank Śląski S.A. established under the distribution agreement in force before gaining control over GS TFI. The goodwill also reflects the expected income and cost synergies resulting from the integration of the acquired activity with the existing activities of the Group, the ability to attract and retain new customers, the value of the accumulated experience, as well as the expertise and investment management capabilities of the fund management team. These items do not meet the criteria for separate recognition as identifiable intangible assets, therefore they were included in goodwill. Purchase price allocation Value of 45% of shares 164 Price for 55% of shares - payment in cash 405 Fair value of 45% of shares 270 Revaluation gain on 45% of shares at fair value 106 Net asset value at acquisition date 107 Intangible assets as at the acquisition date 110 Intangible assets as at the acquisition date - deferred tax -27 Goodwill 485 Contents 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 standalone financial statements of ING Bank Śląski S.A. 10 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 15
Since 1 April 2026, the results of GS TFI have been included in the Group’s consolidated financial statements. Net income on basic activities and net profit of the acquiree included in the consolidated statement of profit or loss amounted to PLN 61 million and PLN 26 million, respectively. If GS TFI had been acquired on 1 January 2026, the combined Group’s core net income on basic activities for the H1 2026 would have amounted to PLN 6,322 million and the combined Group’s net profit would have amounted to PLN 2,027 million. These data are informative and do not reflect the actual results that would have been achieved had the acquisition occurred at the beginning of the reporting period. Pro forma information was prepared only for the purpose of meeting the requirements of IFRS 3 B64(q). The data have been prepared on the assumption that the acquisition took place at the beginning of the annual reporting period. 1.6. Approval of the financial statements These interim condensed consolidated financial statements were approved for publication by the Bank’s Management Board on 29 July 2026. The annual consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2025 to 31 December 2025 were approved by the General Meeting of ING Bank Śląski S.A. on 16 April 2026. 2. Significant events in H1 2026 Purchase of shares of Goldman Sachs TFI S.A. On 17 February 2026, the European Commission (EC) issued a decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 on the unconditional clearance of the acquisition by the Bank of sole control over Goldman Sachs Towarzystwo Funduszy Inwestycyjnych S.A. (GS TFI). On 31 March 2026, the Bank received information that the Polish Financial Supervision Authority (PFSA) issued a decision stating that there are no grounds for raising an objection to the intended direct acquisition by the Bank and indirect acquisition by ING Groep N.V. (the Bank’s ultimate parent undertaking) of 55% of the shares in Goldman Sachs Towarzystwo Funduszy Inwestycyjnych S.A. (GS TFI). In connection with the fulfilment of above-mentioned conditions precedent provided for in the Share Purchase Agreement of 18 November 2025, on 24 April 2026, the acquisition of 55% of shares in GS TFI from Goldman Sachs Asset Management International Holdings B.V. by the Bank was finalised. The approach to transaction recording is described in chapter 1.5. ING Bank Śląski S.A. Group. The acquisition of Goldman Sachs TFI S.A. is an important step in the implementation of the "ING. In the Beat of Life". The Group strengthens its position in investments and pension solutions - an area that is one of the key directions of the Group’s development. Thanks to this transaction, the Group will be able to develop its offer faster, increase the scale of operations and respond even better to the needs of customers, also in the area of Private Banking. On 22 June 2026, Goldman Sachs TFI S.A. changed its name to ING TFI S.A. ING Investment Holding (Polska) S.A., a wholly owned subsidiary of the Bank, as at 30 June 2026 holds 94,500 of shares in the ING TFI S.A. share capital, representing 45% of the shares in the ING TFI S.A. share capital and 45% of the total number of votes at the General Meeting of ING TFI S.A. As a result of the transaction closure, the Bank’s Group holds 100% of the ING TFI S.A. share capital and will be entitled to 100% of the total number of votes at the General Meeting of ING TFI S.A., and the Bank has become the direct parent entity for ING TFI S.A. ING TFI S.A.'s line of business is the establishment and management of investment funds, including intermediation in the sale and repurchase of shares, representation in dealings with third parties and portfolio management. General Meeting of ING Bank Śląski S.A. On 16 April 2026, 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 2025 (standalone 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 2025 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 2025 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 2025 and to the evaluation of the Bank’s remuneration policy, • on acknowledging fulfilment of duties in 2025 to current and former Members of the Bank’s Management Board and Members of the Bank’s Supervisory Board, • on establishing Incentive Scheme II for Identified Staff of the Bank, authorising the Management Board of ING Bank Śląski S.A. to buy own shares to carry out Incentive Scheme II as well as changing the purpose of the established special-purpose reserve capital to carry out the incentive schemes. • on distribution of 2025 profit, • on 2025 dividend payout, • on amending the Charter of ING Bank Śląski Spółka Akcyjna, Contents 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 standalone financial statements of ING Bank Śląski S.A. 11 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 16
• on amendment to the Charter of ING Bank Śląski Spółka Akcyjna regarding authorisation of the Management Board to increase share capital up to the authorised capital and to exclude the pre-emptive right along with the Bank Management Board opinion, • 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. Update of information on the MREL requirement for ING Bank Śląski S.A. On 24 March 2026, the Bank received a 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 15.83% of the total risk exposure amount (TREA - as compared to 16.25% in the previous SRB and BFG decision) and 5.91% of the total exposure measure (TEM – no change from the previous SRB and BFG decision) 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 4.50%, is effectively 20.33% 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 recapitalization amount 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 recapitalization amount portion of the MREL is 7.83% of TREA (as compared to 8.25% in the previous SRB and BFG decision) and 2.91% of TEM (no change from the previous SRB and BFG decision). The Bank satisfies the said requirement. Amount of annual contribution to the compulsory resolution fund of the BGF in 2026 On 24 March 2026, the Bank received information from the Bank Guarantee Fund on the amount of annual contribution for the banks’ compulsory resolution fund for 2026. The total cost for the Bank Group is PLN 246 million, including the past-year adjusted contributions. The entire contribution amount will be recognised in costs for the Q1 2026. The amount attributable to the Bank is PLN 243 million and to ING Bank Hipoteczny S.A. PLN 3 million. Individual recommendation from the Polish Financial Supervision Authority regarding satisfaction of criteria for dividend payout from the 2025 net profit On 2 March 2026, the Bank received a letter from the Polish Financial Supervision Authority (PFSA) where in the PFSA stated that the Bank satisfied the criteria for dividend payout of up to 75% of the 2025 net profit, while the maximum dividend amount should not exceed the amount of the annual profit less profit earned in 2025 and already recognised under own funds. The Bank did not include profits during 2025 as own funds, therefore the maximum dividend of 2025 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. Polish Financial Supervision Authority’s approval of the subordinated loan amount recognition under Bank’s Tier II capital On 12 January 2026, the Bank received the Polish Financial Supervision Authority’s approval to recognise, under Bank’s Tier II capital, the funds available under the subordinated loan received from ING Bank N.V. in the amount of EUR 250 million. The Bank concluded a subordinated loan agreement on 14 October 2025. Appointment of Vice-President of the ING Bank Śląski S.A. Management Board On 8 January 2026, the Supervisory Board has appointed Ms Agnieszka Wolska to the position of Vice-President of the Bank Management Board, with effect from 1 April 2026. Ms Agnieszka Wolska satisfies all the requirements set out in Article 22aa of the Banking Law Act of 29 August 1997. Resignation of a Member of the ING Bank Śląski S.A. Management Board On 8 January 2026 the, the Bank has received from Mr Michał H. Mrożek a letter of resignation from the capacity as Member of the Bank Management Board, with effect from end of this day. The resignation follows appointment to the new position in ING Group. Change of CIT rate for banks As of 1 January 2026, changes in tax regulations are in force, introducing new corporate income tax (CIT) rates. The CIT rate for domestic banks is 30% for 2026, 26% for 2027 and 23% from 2028. The effective tax rate for the H1 2026 was 37.31% compared to 21.83% for 2025 and 22.86% for the H1 2025. The increase in the effective tax rate to 37.31% is primarily a consequence of the increase in the statutory CIT rate for banks to 30%, as well as the impact of permanent differences. The effect of these factors meant that the effective tax rate was higher than the nominal CIT rate in force in 2026. Contents 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 standalone financial statements of ING Bank Śląski S.A. 12 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 17
3. Significant events after balance sheet date None. 4. Statement of compliance with the International Financial Reporting Standards These interim condensed consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2026 to 30 June 2026 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 2026 as well as in accordance with the Ordinance of Finance Minister of 6 June 2025 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 2025, item 755). 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 2025 to 31 December 2025, which was approved on 16 April 2026 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 2026 to 30 June 2026 and interim condensed consolidated statement of financial position as at 30 June 2026, together with comparable data were prepared according to the same principles of accounting for each period. The comparative data presented in the interim condensed consolidated statement of financial position and in the interim condensed consolidated statement of cash flows have changed compared to the data presented in the consolidated financial statements for the previous periods. More information on the introduced presentation changes can be found further in this interim condensed consolidated financial statements, in chapter 6. Comparability of financial data. 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 2026: Change Impact on the Group’s consolidated financial statements MSSIFRS 9 Financial instruments and IFRS 7 Financial instruments: disclosures - Classification and measurement of financial instruments The introduced changes are the result of conclusions from the post- implementation review of the guidelines of both standards. The amendments are of a clarifying nature with regard to the classification of financial assets (i.e.: resulting from agreements containing ESG or similar clauses) and the removal of financial instruments from the balance sheet that are settled via electronic payment systems. The implementation of the change does not have a significant impact on the Group’s consolidated financial statements. Changes resulting from the annual update of the standards (volume 11) The amendments to MSSF1, IFRS 7, IFRS 9, MSSF10 and IAS 7 are editorial in nature. The application of the amendments did not have an impact on the consolidated financial statements. IFRS 9 Financial instruments and IFRS 7 Financial instruments: disclosures Renewable electricity contracts The amendments are intended to better reflect in the financial statements contracts relating to electricity from renewable sources with physical or virtual supply. The changes focus on requirements for purchasing energy for own use, hedge accounting and disclosures. The application of the changes, from the perspective of the current economic situation, did not have an impact on the consolidated financial statements of the Group. Published standards and interpretations, which were issued by 30 June 2026 and approved by the European Union, but were not applied earlier by the Group: Change (effective date in the parentheses) Impact on the Group’s consolidated financial statements IFRS 18 Presentation and disclosures in financial statements (financial year beginning on 1 January 2027) The new standard published in April 2024, which will replace IAS 1. The implementation of the new guidelines aims to improve the comparability and transparency of the financial statements of the entities. At the current stage of the Group’s analysis, it can be concluded that the application of the standard will have an impact on the presentation and scope of disclosures in the Group’s consolidated financial statements, however, the detailed impact will be confirmed in the course of further work on the implementation of the new standard guidelines. Published standards and interpretations, which were issued by 30 June 2026 but were not approved by the European Union as at 30 June 2026 and were not applied earlier by the Group: Contents 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 standalone financial statements of ING Bank Śląski S.A. 13 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 18
Change (expected date of application by IASB in brackets) Impact on the Group’s consolidated financial statements IFRS 20 Regulatory assets and liabilities (financial year beginning on 1 January 2029) The new standard introduces comprehensive accounting rules for activities covered by tariff regulation. The standard aims to provide users of financial statements with precise information on the impact of price regulation on the entity’s financial results, financial position and future cash flows. Application of the standard will not have an impact on the consolidated financial statements of the Group. IFRS 19 Subsidiaries without public liability: disclosures (financial year beginning on 1 January 2027) The new standard published in May 2024 will be voluntarily applied by entities that do not have the status of an entity with public responsibility and that are dependent on entities preparing publicly available consolidated financial statements. Application of the standard will not have an impact on the consolidated financial statements of the Group. Changes in the fair value option in IAS 28 Investments in Associates and Joint Ventures. (financial year beginning on 1 January 2027) Amendments to IAS 28 to clarify which entities may apply the fair value option to investments in associates and joint ventures. The changes were introduced due to the emerging divergences in interpretation resulting from the implementation of IFRS 18. Applying these amendments to the standard will not have an impact on the Group’s consolidated financial statements. Amendments to IAS 21 Effects of changes in currency exchange rates: Conversion to presentation currency in hyperinflation (financial year beginning on 1 January 2027) The Group’s analyses show that the implementation of the change will not have a significant impact on the Group’s consolidated financial statements. Amendments to IFRS 19 (published on 21 August 2025) Subsidiaries without public liability: disclosures (financial year beginning on 1 January 2027) Amendments to the new standard to take into account published amendments to IFRSs in the scope of disclosures published after the issuance of IFRS 19 (in May 2024) and whose first application date falls in the financial year beginning on 1 January 2027. Applying these amendments to the standard 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 on-going adoption of IFRS standards in the EU and the Group’s activities, there is no difference in the scope of the accounting principles applied by the Group between IFRS standards that have come into force and IFRS standards approved by the EU. 4.2. The impact of WIBOR reference rate reform In annual consolidated financial statements for the period from 1 January 2025 to 31 December 2025, the Group presented a disclosure on the impact of the benchmark reform. Further work is currently underway to reform the WIBOR reference rate. Benchmark reform in Poland has entered the next phase of implementation in H1 2026 following the Communications published by GPW Benchmark S.A. and the Polish Financial Supervision Authority (KNF) on the orderly finalisation of the publication of WIBID and WIBOR indices on 18 May 2026. According to the information presented, key tenors 1M, 3M and 6M will be published by 31 December 2036, while their discontinuation will take place on 1 January 2037. At the same time, it was expressed the expectation that after 31 December 2026, there should no longer be new contracts or new financial instruments issued referring to WIBID or WIBOR indicators. Therefore, as of 1 January 2027, those rates should only be used for existing exposures and, where applicable, derivatives concluded after that date, to establish a hedging relationship with those exposures. At the same time, it is expected that the market will gradually move to POLSTR and, if justified, to products with a fixed or periodically fixed interest rate in relation to new transactions. The extended maturity is intended to allow market participants to gradually and orderly reduce WIBOR/WIBID- related exposures, including, where warranted, by changing the terms of the contracts, modifying or early redemption of debt instruments, and the orderly management of historical hedging derivatives linked to existing portfolio exposures. The above decisions influence the schedule of implementation of the reform, therefore an update of the Roadmap and the existing plan of implementation of the new benchmark in Poland was also published. A draft law amending certain laws was submitted for public consultation in order to develop the financial market and increase financial stability on this market. The proposed changes include, among others, regulations related to the benchmark reform (WIBOR/POLSTR). The draft is currently under review and its final shape is not yet known. Contents 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 standalone financial statements of ING Bank Śląski S.A. 14 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 19
Structure of financial assets and liabilities referring to WIBOR rate As at 30 June 2026, the following financial instruments refer to the WIBOR reference rate, which is expected to be discontinued after 31 December 2036 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 2026 31 Dec 2025 with maturity date after 30 Jun 2026 with maturity date after 31 Dec 2036 with maturity date after 31 Dec 2025 with maturity date after 31 Dec 2036 Non-derivative financial assets 144,000 60,590 140,480 54,810 Non-derivative financial liabilities 2,576 - 1,637 - Derivatives 1,446,753 29 1,406,780 29 Off-balance sheet items 19,514 3,357 19,638 2,738 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 2026 31 Dec 2025 Assets Liabilities Assets Liabilities Cash flow hedging instruments 94,016 1,985 107,776 8,824 Instruments hedging the fair value of securities 11,800 - 19,112 - 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 their acceptance for publication, i.e. from 30 July 2026. 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 adoption for 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 2026 to 30 June 2026 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 2026 to 30 June 2026 and includes comparative data: • as at 31 December 2025, 30 June 2025 and 1 January 2025 - for the interim condensed consolidated statement of financial position, • for the period from 1 January 2025 to 30 June 2025 and from 1 April 2025 to 30 June 2025 - - for the interim condensed consolidated income statement and the interim condensed consolidated statement of comprehensive income, • for the period from 1 January 2025 to 30 June 2025 - for the interim condensed consolidated cash flow statement, • for the period from 1 January 2025 to 31 December 2025 and from 1 January 2025 to 30 June 2025 - for the interim condensed statement of changes in consolidated equity. The comparative data presented in the interim condensed consolidated statement of financial position and in the interim condensed consolidated statement of cash flows have changed compared to the data presented in the consolidated financial statements for the previous periods. More information on the introduced presentation changes can be found further in this interim condensed consolidated financial statements, in chapter 6. Comparability of financial data. Contents 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 standalone financial statements of ING Bank Śląski S.A. 15 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 20
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 2025 to 31 December 2025. 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 2026, 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 2026 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 2025 to 31 December 2025. 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 2025 to 31 December 2025. 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). Generally, macroeconomic forecasts change slowly, moving smoothly from one phase of the economic cycle to the other, without drastic and shocking events, which means that the results of IFRS models, especially in a situation where the realisation of forecasts is burdened with a sudden shock, may require management adjustments in terms of bringing the allowance for expected credit losses to levels adequate to the risk profile of a given portfolio. 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 - described below - management adjustments where, in the opinion of the management, recent economic events have not been fully captured. The effect of changes in macroeconomic assumptions increased the level of provisions for expected credit losses at the end of the H1 2026 by PLN 6 million compared to the end of 2025. Management adjustments In order to reduce the risk of models, additional adjustments can be made to address problems with data quality, methodology or resulting from expert opinions. They also include adjustments resulting from the revaluation or underestimation of allowances for expected credit losses by IFRS 9 models. In connection with the impact of climate risk on credit risk, the Group created 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 an economy based on sustainable development. The adjustment covered the portfolio of corporate clients, including strategic ones. The impact of the adjustment on expected credit losses at the end of H1 2026 amounted to PLN 17 million. 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 provisions for expected credit losses. At the end of 2025, in connection with the stabilisation of the sector, the Group decided to waive this adjustment. At the same time, the Group has completed the recalibration of the model, which better reflects the amount of allowances for expected credit losses in the real estate sector. The model is to be implemented in 2026 . Until the implementation, the Group made a decision to introduce an adjustment aimed at maintaining the adequacy of provisions. At the end of the H1 2026, the adjustment resulted in an increase in expected credit losses by PLN 9 million. Due to incomplete implementation of new models or a time-based change of models for corporate clients (including SME MSSF9 model and LEASE LGD), the Group has 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 2026, the Group introduced a management adjustment reducing the value of provisions for expected credit losses. The impact of the adjustment on expected credit losses at the end of H1 2026 amounted to PLN -62 million. In connection with the war in the Middle East, the Group is observing considerable uncertainty on the markets. The conflict may have a negative impact on the economy, among others, through rising energy or fuel prices, which may cause a decrease in the profitability of companies using energy resources. In order to reduce this uncertainty, at the end of the H1 2026, the Group decided to introduce a management adjustment increasing the level of provisions for expected credit losses for the portfolio of corporate customers by PLN 9 million. In Q2 2026, 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 and is related to the regular process of cost-operational optimisation of the portfolio. To ensure an adequate level of allowances during the transfer, the Group applied a management adjustment that increased collective allowances in the Q2 2026, while at the same time reversing the allowances calculated using the individual method. The transfer resulted in an increase of provisions for expected credit losses by PLN 4 million. Contents 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 standalone financial statements of ING Bank Śląski S.A. 16 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 21
In Q4 2025, the Group implemented a new capital model for the sub-segment of mortgage loans. At the same time, work is underway on a new MSSF9 model for this sub-segment, which is to be implemented in 2026. Until that time, in order to maintain an adequate level of write-offs, the Group made a decision to implement, at the end of 2025, a management adjustment reducing the value of write-offs. At the end of the H1 2026, the impact of the adjustment on expected credit losses was PLN -23 million. The table summarizes the management corrections described above. as at 30 Jun 2026 31 Dec 2025 Corporate banking Retail banking Total Corporate banking Retail banking Total Management adjustments that do not affect the classification of exposures into Stages: -23 - -23 3 - 3 impact of climate risk on credit risk 17 - 17 25 - 25 uncertainty surrounding the Middle East War 9 - 9 - - - incomplete implementation of models -62 - -62 -33 - -33 recalibration of the model for estimating write-offs for the real estate sector 9 - 9 11 - 11 transfer from individually valued portfolio to collectively valued portfolio 4 - 4 - - - Management adjustments affecting the classification of exposures into Stages: - -23 -23 - -3 -3 New capital model for the mortgage loan sub-segment - -23 -23 - -19 -19 recalibration of the model for the retail customer sub- segment - - - - 16 16 Total -23 -23 -46 3 -3 - The breakdown of adjustments by Stages is presented in explanatory note 7.12. Loans and other receivables to customers measured at amortised cost. 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 2026 31 Dec 2025 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 credit losses Assumption that the assets have exceeded the PD threshold and are assigned lifetime expected credit losses Assumption that the assets are below the PD threshold and are assigned 12-month expected credit losses Assumption that the assets have exceeded the PD threshold and are assigned lifetime expected credit losses The entire loan portfolio, including: -250 780 -240 720 Corporate portfolio -170 440 -150 410 Retail portfolio -80 340 -90 310 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 2026 and 31 December 2025 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. The exceptions are interest rates and oil prices, for which the forward curves were assumed at the end of H1 2026. 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 4% compared to the average scenario used in the calculation of allowances for H1 2026 (for the corporate portfolio an increase of the allowance by 2% and for the retail portfolio by 8%). The increase in allowances in this scenario is mainly caused by an increase in the unemployment rate. If a 100% weight were applied, for the positive scenario there would be a decrease of allowance by approx. 3% on the entire portfolio (for corporate portfolio by 2% and for retail portfolio by 5%). A positive effect of a gradual decline in the unemployment rate and positive readings of other variables are observed here (GDP changes in the range of 4%-5% or a stable oil barrel price of ~90$/barrel). The application of a weight of 100% for the base scenario remains almost neutral for the amount of provisions (a decrease by 1% in the retail part of the portfolio). Contents 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 standalone financial statements of ING Bank Śląski S.A. 17 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 22
Total loan portfolio as at 30 Jun 2026 2026 2027 2028 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 4.0% 4.9% 4.0% -3% -4% 20% 2,667 Unemployment 2.6% 2.4% 2.1% Stage 1 -3% Real estate price index 5.0% 9.3% 4.1% Stage 2 -9% 3 months’ interest rate 6.2% 7.0% 7.4% Stage 3 -1% Brent oil price (USD/barrel) 83.75 92.56 89.86 Baseline scenario GDP 3.4% 3.2% 3.0% -% -% 60% Unemployment 3.0% 3.0% 3.0% Stage 1 -% Stage 1 300 Real estate price index 0.2% 1.8% 2.3% Stage 2 -1% Stage 2 590 3 months’ interest rate 4.3% 4.4% 4.3% Stage 3 -% Stage 3 1,777 Brent oil price (USD/barrel) 82.07 75.45 73.06 Negative scenario GDP 2.4% -% 1.4% 4% 8% 20% Unemployment 3.9% 6.0% 7.9% Stage 1 3% Real estate price index -6.6% -7.2% -3.7% Stage 2 12% 3 months’ interest rate 1.9% 1.6% 1.5% Stage 3 1% Brent oil price (USD/barrel) 78.34 53.07 52.02 Corporate portfolio as at 30 Jun 2026 2026 2027 2028 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 4.0% 4.9% 4.0% -2% -2% 20% 1,919 Unemployment 2.6% 2.4% 2.1% Stage 1 -1% Real estate price index 5.0% 9.3% 4.1% Stage 2 -8% 3 months’ interest rate 6.2% 7.0% 7.4% Stage 3 0% Brent oil price (USD/barrel) 83.75 92.56 89.86 Baseline scenario GDP 3.4% 3.2% 3.0% 0% 0% 60% Unemployment 3.0% 3.0% 3.0% Stage 1 0% Stage 1 193 Real estate price index 0.2% 1.8% 2.3% Stage 2 0% Stage 2 446 3 months’ interest rate 4.3% 4.4% 4.3% Stage 3 0% Stage 3 1,280 Brent oil price (USD/barrel) 82.07 75.45 73.06 Negative scenario GDP 2.4% 0.0% 1.4% 2% 3% 20% Unemployment 3.9% 6.0% 7.9% Stage 1 0% Real estate price index -6.6% -7.2% -3.7% Stage 2 9% 3 months’ interest rate 1.9% 1.6% 1.5% Stage 3 0% Brent oil price (USD/barrel) 78.34 53.07 52.02 Total loan portfolio as at 31 Dec 2025 2026 2027 2028 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 5.4% 4.6% 3.8% -3% -4% 20% 2,709 Unemployment 2.6% 2.4% 2.1% Stage 1 -4% Real estate price index 9.0% 6.9% 4.4% Stage 2 -9% 3 months’ interest rate 6.4% 7.0% 7.1% Stage 3 -1% Brent oil price (USD/barrel) 71.58 80.07 80.74 Baseline scenario GDP 3.7% 3.2% 3.0% 0% 0% 60% Unemployment 3.1% 3.1% 3.1% Stage 1 0% Stage 1 282 Real estate price index 0.2% 2.1% 2.2% Stage 2 -1% Stage 2 583 3 months’ interest rate 3.5% 3.7% 3.9% Stage 3 0% Stage 3 1,844 Brent oil price (USD/barrel) 63.62 64.67 66.00 Negative scenario GDP 1.1% 0.9% 2.1% 4% 11% 20% Unemployment 5.0% 7.1% 8.9% Stage 1 5% Real estate price index -11.9% -3.6% -5.0% Stage 2 13% 3 months’ interest rate 1.7% 1.3% 1.3% Stage 3 2% Brent oil price (USD/barrel) 51.49 45.10 48.01 Corporate portfolio as at 31 Dec 2025 2026 2027 2028 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 5.4% 4.6% 3.8% -2% -2% 20% 1,850 Unemployment 2.6% 2.4% 2.1% Stage 1 -4% Real estate price index 9.0% 6.9% 4.4% Stage 2 -8% 3 months’ interest rate 6.4% 7.0% 7.1% Stage 3 0% Brent oil price (USD/barrel) 71.58 80.07 80.74 Baseline scenario GDP 3.7% 3.2% 3.0% 0% 0% 60% Unemployment 3.1% 3.1% 3.1% Stage 1 0% Stage 1 168 Real estate price index 0.2% 2.1% 2.2% Stage 2 0% Stage 2 412 3 months’ interest rate 3.5% 3.7% 3.9% Stage 3 0% Stage 3 1,270 Brent oil price (USD/barrel) 63.62 64.67 66.00 Negative scenario GDP 1.1% 0.9% 2.1% 2% 8% 20% Unemployment 5.0% 7.1% 8.9% Stage 1 3% Real estate price index -11.9% -3.6% -5.0% Stage 2 10% 3 months’ interest rate 1.7% 1.3% 1.3% Stage 3 1% Brent oil price (USD/barrel) 51.49 45.10 48.01 Contents 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 standalone financial statements of ING Bank Śląski S.A. 18 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 23
Retail portfolio as at 30 Jun 2026 2026 2027 2028 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 4.0% 4.9% 4.0% -5% Stage 1 -6% -10% 20% 748 Stage 1 107 Unemployment 2.6% 2.4% 2.1% Real estate price index 5.0% 9.3% 4.1% Stage 2 -13% 3 months’ interest rate 6.2% 7.0% 7.4% Stage 3 -3% Baseline scenario GDP 3.4% 3.2% 3.0% -1% Stage 1 -1% -1% 60%Unemployment 3.0% 3.0% 3.0% Stage 2 144 Real estate price index 0.2% 1.8% 2.3% Stage 2 -2% Stage 3 497 3 months’ interest rate 4.3% 4.4% 4.3% Stage 3 0% Negative scenario GDP 2.4% 0.0% 1.4% 8% Stage 1 7% 24% 20%Unemployment 3.9% 6.0% 7.9% Real estate price index -6.6% -7.2% -3.7% Stage 2 21% 3 months’ interest rate 1.9% 1.6% 1.5% Stage 3 4% Retail portfolio as at 31 Dec 2025 2026 2027 2028 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 5.4% 4.6% 3.8% -5% Stage 1 -5% -9% 20% 859 Stage 1 114 Unemployment 2.6% 2.4% 2.1% Real estate price index 9.0% 6.9% 4.4% Stage 2 -11% 3 months’ interest rate 6.4% 7.0% 7.1% Stage 3 -3% Baseline scenario GDP 3.7% 3.2% 3.0% -1% Stage 1 -1% -1% 60%Unemployment 3.1% 3.1% 3.1% Stage 2 171 Real estate price index 0.2% 2.1% 2.2% Stage 2 -2% Stage 3 574 3 months’ interest rate 3.5% 3.7% 3.9% Stage 3 -% Negative scenario GDP 1.1% 0.9% 2.1% 7% Stage 1 7% 18% 20%Unemployment 5.0% 7.1% 8.9% Real estate price index -11.9% -3.6% -5.0% Stage 2 19% 3 months’ interest rate 1.7% 1.3% 1.3% Stage 3 4% Contents 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 standalone financial statements of ING Bank Śląski S.A. 19 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 24
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 2026 31 Dec 2025 30 Jun 2025 number of contracts (in pieces) 1,348 1,816 2,174 capital balance 262 348 424 the amount of the adjustment to the gross carrying amount -212 -294 -318 other elements of the gross carrying amount (interest, ESP) 4 5 4 gross carrying amount 54 59 110 impairment for expected credit losses -4 -5 -5 Net carrying amount of CHF-indexed mortgage loans 50 54 105 Provision for legal risk of CHF-indexed mortgage loans 144 208 238 The table below presents the change in the H1 2026 and in 2025: – 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 2026 2025 period from 01 Jan 2026 to 30 Jun 2026 period from 01 Jan 2025 to 31 Dec 2025 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 294 208 387 253 Changes in the period, including: -82 -64 -93 -45 provisions recognised/ reversed - - 47 10 transfer between provisions* 19 -19 2 -2 utilisation, including from settlements -111 -45 -142 -53 FX differences 10 - - - Balance at the end of the period 212 144 294 208 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. As at 30 June 2026, the estimate of the adjustment/provision for legal risk did not require an update compared to the estimate as at 31 December 2025. 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 7.17. Provisions. Contents 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 standalone financial statements of ING Bank Śląski S.A. 20 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 25
6. Comparability of financial data Changes in the consolidated statement of financial position In these interim condensed consolidated financial statements for the period from 1 January 2026 to 30 June 2026, as compared to the annual consolidated financial statements for the period from 1 January 2025 to 31 December 2025 and the interim condensed consolidated financial statements for the period from 1 January 2025 to 30 June 2025, the Group introduced a change consisting in separating repurchase transactions measured at amortised cost concluded with banks and customers and presenting them in the following new items on the assets and liabilities side of the consolidated statement of financial position: • Receivables from reverse repo transactions measured at amortised cost, • Liabilities from repo transactions measured at amortised cost. Until now, these transactions were presented in the following lines, respectively: • Loans and other receivables to other banks, • Loans and other receivables to customers measured at amortised cost, • Liabilities to other banks, • Liabilities to customers. The change was aimed at recognizing separately assets / liabilities measured at amortised cost and having a stable nature from those that are characterized by high volatility in individual reporting periods. In the Group’s opinion, the amendments contributed to improving the transparency of the statement of financial position. The changes made did not have an impact on the balance sheet total in the presented periods. Data as at 31 December 2025 and as at 30 June 2026 have been restated in order to achieve comparability. The tables include individual items presented in assets and liabilities of the consolidated statement of financial position, in the breakdown and at values presented in the consolidated financial statements for previous periods and in the breakdown and at values presented in this interim condensed consolidated financial statements. Equity did not change and did not require restatement. as at 31 December 2025 in the annual consolidated financial statements for the period change in the interim condensed consolidated financial statements for the period from 1 January 2025 od 1 January 2026 to 31 December 2025 do 30 June 2026 (published data) (comparable data) Assets Cash and cash equivalents 7,310 - 7,310 Loans and other receivables to other banks 23,954 -23,101 853 Financial assets measured at fair value through profit or loss 2,340 - 2,340 Derivative hedge instruments 73 - 73 Investment securities 65,556 - 65,556 Loans and other receivables to customers measured at amortised cost 180,309 - 180,309 Receivables from reverse repo transactions measured at amortised cost not applicable 23,101 23,101 Investments in associates measured by the equity method 204 - 204 Property, plant and equipment 938 - 938 Intangible assets 551 - 551 Current income tax assets 12 - 12 Deferred tax assets 621 - 621 Other assets 157 - 157 Total assets 282,025 - 282,025 Due to the lack of liabilities due to repurchase transactions measured at amortised cost in the consolidated statement of financial position as at 31 December 2025, the liabilities in the consolidated statement of financial position did not require restatement. Contents 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 standalone financial statements of ING Bank Śląski S.A. 21 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 26
as at 30 June 2025 in the interim condensed consolidated financial statements for the period change in the interim condensed consolidated financial statements for the period from 1 January 2025 od 1 January 2026 to 30 June 2025 do 30 June 2026 (published data) (comparable data) Assets Cash and cash equivalents 8,828 - 8,828 Loans and other receivables to other banks 23,105 -22,236 869 Financial assets measured at fair value through profit or loss 1,675 - 1,675 Derivative hedge instruments 47 - 47 Investment securities 56,162 - 56,162 Transferred assets 16,431 - 16,431 Loans and other receivables to customers measured at amortised cost 173,321 -1,100 172,221 Receivables from reverse repo transactions measured at amortised cost not applicable 23,336 23,336 Investments in associates measured by the equity method 175 - 175 Property, plant and equipment 967 - 967 Intangible assets 486 - 486 Current income tax assets 4 - 4 Deferred tax assets 615 - 615 Other assets 164 - 164 Total assets 281,980 - 281,980 as at 30 June 2025 in the interim condensed consolidated financial statements for the period change in the interim condensed consolidated financial statements for the period from 1 January 2025 od 1 January 2026 to 30 June 2025 do 30 June 2026 (published data) (comparable data) Liabilities Liabilities to other banks 14,671 - 14,671 Financial liabilities measured at fair value through profit or loss 839 - 839 Derivative hedge instruments 57 - 57 Liabilities to customers 241,938 -16,307 225,631 Liabilities from repo transactions measured at amortised cost not applicable 16,307 16,307 Liabilities under debt securities issued 509 - 509 Subordinated liabilities 1,487 - 1,487 Provisions 589 - 589 Current income tax liabilities 455 - 455 Other liabilities 3,819 - 3,819 Total liabilities 264,364 - 264,364 - Total equity 17,616 - 17,616 - Total equity and liabilities 281,980 - 281,980 Contents 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 standalone financial statements of ING Bank Śląski S.A. 22 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 27
Changes in the consolidated statement of cash flows These changes in the consolidated statement of financial position were also reflected in the consolidated statement of cash flows. Two new items were added to the cash flows from operating activities, presenting changes in the balance of the corresponding items of the statement of financial position: • Change in receivables from reverse repo transactions measured at amortised cost, • Change in liabilities from repo transactions measured at amortised cost. Data for the period from 1 January 2026 to 30 June 2026 have been restated in order to achieve comparability. The tables contain the amounts of cash flows from operating activities, which have changed compared to those presented in the interim condensed consolidated financial statements for the period from 1 January 2025 to 30 June 2025. H1 2025 in the interim condensed consolidated financial statements for the period change in the interim condensed consolidated financial statements for the period from 1 January 2025 od 1 January 2026 to 30 June 2025 do 30 June 2026 (published data) (comparable data) Operating activities Adjustments, including: 9,033 - 9,033 Change in loans and other receivables to other banks -1,483 1,457 -26 Change in loans and other receivables to customers measured at amortised cost -6,590 60 -6,530 Change in receivables from reverse repo transactions measured at amortised cost not applicable -1,517 -1,517 Change in liabilities to customers 21,885 -16,307 5,578 Change in liabilities from repo transactions measured at amortised cost not applicable 16,307 16,307 Net cash flows from operating activities 11,182 - 11,182 7. Supplementary notes to interim condensed consolidated income statement and interim condensed consolidated statement of financial position 7.1. 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 analysed in terms of the main products, including, among others: credit products (overdrafts, card-related loans, instalments 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 Contents 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 standalone financial statements of ING Bank Śląski S.A. 23 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 28
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 Leasing Sp. z o.o. and ING Faktoring 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 Leasing 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. Consolidated income statement H1 2026 H1 2025 the period from 01 Jan 2026 to 30 Jun 2026 the period from 01 Jan 2025 to 30 Jun 2025 Retail banking segment Corporate banking segment Total Retail banking segment Corporate banking segment Total Income total 3,018 3,246 6,264 2,560 3,259 5,819 net interest income 2,344 2,319 4,663 2,123 2,261 4,384 net commission income, including: 439 835 1,274 354 809 1,163 commission income, including: 665 966 1,631 541 931 1,472 transaction margin on currency exchange 40 308 348 42 307 349 transactions account maintenance 55 208 263 55 197 252 lending commissions 11 250 261 11 245 256 payment and credit cards 243 102 345 235 96 331 asset management, participation units distribution, brokerage activity 198 - 198 90 - 90 insurance product offering commissions 118 20 138 108 21 129 factoring and lease contracts commissions - 35 35 - 26 26 other commissions - 43 43 - 39 39 commission expenses -226 -131 -357 -187 -122 -309 other income/expenses 235 92 327 83 189 272 General and administrative expenses -1,175 -1,207 -2,382 -1,116 -1,141 -2,257 Segment operating result 1,843 2,039 3,882 1,444 2,118 3,562 impairment for expected credit losses 36 -286 -250 20 -421 -401 cost of legal risk of FX mortgage loans -2 - -2 -1 - -1 tax on certain financial institutions -186 -239 -425 -166 -228 -394 share of profit/(loss) of associates measured by the equity method 11 - 11 20 - 20 Gross profit 1,702 1,514 3,216 1,317 1,469 2,786 Income tax - - -1,200 - - -637 Net profit - - 2,016 - - 2,149 attributable to shareholders of ING Bank Śląski S.A. - - 2,016 - - 2,149 Assets and liabilities by segment as at 30 Jun 2026 as at 31 Dec 2025 Retail banking Corporate banking Total Retail banking Corporate banking Total Assets of the segment 144,318 167,222 311,540 126,886 152,879 279,765 Segment investments in associates accounted for using the equity method - - - 204 - 204 Other assets (not allocated to segments) - - 2,370 - - 2,056 Total Assets 144,318 167,222 313,910 127,090 152,879 282,025 Segment liabilities 170,075 119,028 289,103 145,028 110,404 255,432 Other liabilities (not allocated to segments) - - 5,128 - - 5,251 Equity - - 19,679 - - 21,342 Total equity and liabilities 170,075 119,028 313,910 145,028 110,404 282,025 Contents 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 standalone financial statements of ING Bank Śląski S.A. 24 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 29
7.2. Net interest income Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Interest income, including: 3,478 6,905 3,453 6,821 interest income calculated using effective interest rate method, including: 3,402 6,740 3,310 6,511 interest on financial instruments measured at amortised cost 3,001 5,885 2,811 5,572 interest on cash and cash equivalents 86 172 115 231 interest on loans and other receivables to other banks 9 20 15 30 interest on loans and other receivables to customers 2,387 4,730 2,252 4,406 interest on receivables from reverse repo transactions 82 172 129 278 interest on investment securities 437 791 300 627 interest on investment securities measured at fair value through other comprehensive income 401 855 499 939 other interest income, including: 76 165 143 310 interest income related to the settlement of valuations of cash flow hedging derivatives 76 165 143 310 Interest expenses, including: -1,148 -2,242 -1,280 -2,437 interest on deposits from other banks -132 -264 -147 -304 interest on deposits from customers -887 -1,684 -940 -1,780 interest on liabilities from repo transactions measured at amortised cost -31 -89 -77 -117 interest on issue of debt securities -20 -39 -8 -16 interest on subordinated liabilities -24 -48 -14 -30 interest on lease liabilities -3 -7 -4 -9 other interest cost related to the settlement of valuations of cash flow hedging derivatives -51 -111 -90 -181 Net interest income 2,330 4,663 2,173 4,384 7.3. Net commission income Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Commission income, including: 873 1,631 747 1,472 transaction margin on currency exchange transactions 185 348 176 349 payment and credit cards fees 183 345 175 331 lending commissions 127 261 128 256 account maintenance fees 132 263 126 252 insurance product offering commissions 70 138 65 129 asset management, brokerage activity fees, participation units distribution fees 139 198 47 90 factoring and lease contracts commissions 19 35 13 26 other commission 18 43 17 39 Commission expenses, including: -194 -357 -163 -309 payment and credit cards fees -100 -191 -93 -176 asset management, brokerage activity fees -28 -34 -6 -11 Net commission income 679 1,274 584 1,163 Revenues from contracts with customers within the meaning of IFRS 15 in the H1 2026 amounted to PLN 1,333 million compared to PLN 1,188 million in the H1 2025 and related entirely to commissions settled on a one-off basis. 7.4. Net income on financial instruments measured at fair value through profit or loss and FX result Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 FX result and net income on interest rate derivatives, including 53 89 102 191 FX result 198 556 -309 -81 currency derivatives -145 -467 411 272 Net income on interest rate derivatives 29 20 52 59 Net income on debt instruments held for trading 23 34 14 23 Net income on repo transactions 3 6 3 6 Total 108 149 171 279 Contents 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 standalone financial statements of ING Bank Śląski S.A. 25 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 30
7.5. Net income / loss on the sale of financial assets and dividend income Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Net income on the sale of securities measured at amortised cost - -1 -4 -3 Net income on sale of securities measured at fair value through other comprehensive income and dividend income, including: 86 86 12 12 sale of debt securities 36 36 4 4 dividend income 50 50 8 8 Total 86 85 8 9 7.6. Net income / loss on hedge accounting Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Net income on hedge accounting, including: 11 -12 12 17 valuation of the hedged transaction 340 -373 175 264 valuation of the hedging transaction -329 361 -163 -247 Cash flow hedge accounting, including: -7 61 -46 -46 ineffectiveness under cash flow hedges -7 61 -46 -46 Total 4 49 -34 -29 7.7. General and administrative expenses Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Personnel expenses -587 -1,138 -526 -1,027 Other general and administrative expenses, including: -514 -1,244 -529 -1,230 cost of marketing and promotion -63 -116 -50 -97 depreciation and amortisation -77 -151 -74 -154 obligatory Bank Guarantee Fund payments, of which: - -246 -25 -224 resolution fund - -246 - -174 bank guarantee fund - - -25 -50 fees to the Polish Financial Supervision Authority - -32 - -35 IT costs -166 -307 -176 -312 costs of maintaining buildings and valuing real estate at fair value -32 -63 -38 -82 other -176 -329 -166 -326 Total -1,101 -2,382 -1,055 -2,257 Other includes, among others, costs of advisory and audit services, costs of transport and representation, costs of communication, costs of litigation claims, costs of short-term leases and low-value leases and other operating costs. 7.7.1. Headcount The headcount in the ING Bank Śląski S.A. Group was as follows: as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 FTEs 7,751.0 7,646.2 7,840.0 Individuals 7,797 7,693 7,890 The headcount in the ING Bank Śląski S.A. was as follows: as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 FTEs 7,235.0 7,215.4 7,408.0 Individuals 7,276 7,256 7,452 Contents 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 standalone financial statements of ING Bank Śląski S.A. 26 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 31
7.8. Impairment for expected credit losses Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Corporate banking segment -94 -286 -235 -421 Retail banking segment 54 36 43 20 Total -40 -250 -192 -401 7.9. Loans and other receivables to other banks as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 1 Jan 2025 transformed data transformed data transformed data Loans and advances 805 821 807 856 Interbank deposits (excluding overnight deposits) 20 32 62 - Total (net) 825 853 869 856 Starting from the consolidated financial statements for the period from 1 January 2026 to 31 March 2026, the Group changed the presentation of repurchase transactions in the statement of financial position. Receivables due to reverse repurchase transactions measured at amortised cost concluded both with banks and customers were transferred from the item Loans and other receivables to other banks and Loans and other receivables to customers measured at amortised cost measured at amortised cost to the new item Receivables from reverse repo transactions measured at amortised cost. 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. 7.10. Financial assets measured at fair value through profit or loss as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Financial assets held for trading, including: 2,857 2,332 1,663 valuation of derivatives 490 818 812 other financial assets held for trading, including: 2,367 1,514 851 debt securities 1,830 1,090 733 repo transactions 537 424 118 Financial assets other than those held for trading, measured at fair value through profit or loss, including: 7 8 12 loans obligatorily measured at fair value through profit or loss 6 7 11 equity instruments 1 1 1 Total 2,864 2,340 1,675 7.11. Investment securities as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Total, including: transferred debt securities* other investment securities Total Total, including: transferred debt securities* other investment securities Measured at fair value through other comprehensive income, including: 37,037 4,260 32,777 38,507 38,639 13,425 25,214 debt securities 36,718 4,260 32,458 38,208 38,338 13,425 24,913 equity instruments 319 - 319 299 301 - 301 Measured at amortised cost, including: 51,376 1,544 49,832 27,049 33,954 3,006 30,948 debt securities 51,376 1,544 49,832 27,049 33,954 3,006 30,948 Total, of which: 88,413 5,804 82,609 65,556 72,593 16,431 56,162 total debt securities 88,094 5,804 82,290 65,257 72,292 16,431 55,861 total equity instruments 319 - 319 299 301 - 301 *) 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 2025 the Group did not have such securities in the portfolio of investment securities. Contents 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 standalone financial statements of ING Bank Śląski S.A. 27 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 32
7.12. Loans and other receivables to customers measured at amortised cost as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 1 Jan 2025 transformed data transformed data gross impairment for expected credit loss net 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: 189,891 -4,326 185,565 181,152 -4,154 176,998 174,307 -4,225 170,082 167,394 -3,955 163,439 Corporate banking 105,729 -3,560 102,169 100,728 -3,266 97,462 98,453 -3,451 95,002 96,127 -3,075 93,052 loans in the current account 16,485 -348 16,137 15,569 -312 15,257 16,697 -276 16,421 14,934 -218 14,716 term loans 63,262 -2,654 60,608 59,849 -2,455 57,394 56,797 -2,645 54,152 56,318 -2,462 53,856 lease receivables 13,786 -143 13,643 13,803 -131 13,672 13,664 -112 13,552 13,444 -102 13,342 factoring receivables 7,458 -412 7,046 6,838 -366 6,472 6,939 -415 6,524 6,860 -289 6,571 debt securities (corporate and municipal) 4,738 -3 4,735 4,669 -2 4,667 4,356 -3 4,353 4,571 -4 4,567 Retail banking 84,162 -766 83,396 80,424 -888 79,536 75,854 -774 75,080 71,267 -880 70,387 mortgages 72,455 -164 72,291 69,268 -172 69,096 65,508 -172 65,336 61,295 -181 61,114 loans in the current account 673 -59 614 687 -69 618 675 -58 617 688 -64 624 other loans and advances 11,034 -543 10,491 10,469 -647 9,822 9,671 -544 9,127 9,284 -635 8,649 Other receivables, of which: 3,185 - 3,185 3,311 - 3,311 2,139 - 2,139 2,198 - 2,198 call margin posted 1,994 - 1,994 1,788 - 1,788 981 - 981 759 - 759 other 1,191 - 1,191 1,523 - 1,523 1,158 - 1,158 1,439 - 1,439 Total 193,076 -4,326 188,750 184,463 -4,154 180,309 176,446 -4,225 172,221 169,592 -3,955 165,637 Starting from the consolidated financial statements for the period from 1 January 2026 to 31 March 2026, the Group changed the presentation of repurchase transactions in the statement of financial position. Receivables due to reverse repurchase transactions measured at amortised cost concluded both with banks and customers were transferred from the item Loans and other receivables to other banks and Loans and other receivables to customers measured at amortised cost measured at amortised cost to the new item Receivables from reverse repo transactions measured at amortised cost. For more information, see chapter 6. Comparability of financial data. Data for earlier periods have been restated to ensure comparability. Contents 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 standalone financial statements of ING Bank Śląski S.A. 28 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 33
Quality of loan portfolio as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 gross impairment for expected credit loss net gross impairment for expected credit loss net gross impairment for expected credit loss net Corporate banking, including: 105,729 -3,560 102,169 100,728 -3,266 97,462 98,453 -3,451 95,002 assets in Stage 1 87,411 -168 87,243 83,260 -134 83,126 80,999 -134 80,865 assets in Stage 2 11,954 -416 11,538 11,634 -393 11,241 11,627 -383 11,244 assets in Stage 3 6,323 -2,976 3,347 5,795 -2,739 3,056 5,784 -2,934 2,850 POCI assets 41 - 41 39 - 39 43 - 43 Retail banking, including: 84,162 -766 83,396 80,424 -888 79,536 75,854 -774 75,080 assets in Stage 1 81,063 -102 80,961 77,179 -109 77,070 72,064 -93 71,971 assets in Stage 2 2,206 -140 2,066 2,258 -165 2,093 2,898 -143 2,755 assets in Stage 3 891 -524 367 984 -614 370 889 -538 351 POCI assets 2 - 2 3 - 3 3 - 3 Total, including: 189,891 -4,326 185,565 181,152 -4,154 176,998 174,307 -4,225 170,082 assets in Stage 1 168,474 -270 168,204 160,439 -243 160,196 153,063 -227 152,836 assets in Stage 2 14,160 -556 13,604 13,892 -558 13,334 14,525 -526 13,999 assets in Stage 3 7,214 -3,500 3,714 6,779 -3,353 3,426 6,673 -3,472 3,201 POCI assets 43 - 43 42 - 42 46 - 46 The Group identifies POCI financial assets whose carrying value as at 30 June 2026 is PLN 43 million (PLN 42 million as at 31 December 2025 and PLN 46 million as at 30 June 2025). 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. Sale of non-working receivables In the H1 2026, the Group concluded three 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 130 million and the positive impact of the transaction on the Group’s gross result amounted to PLN 58 million, • the corporate non-performing receivables portfolio decreased by PLN 65 million and the positive impact of the transaction on the Group’s gross result amounted to PLN 4 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 29 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 34
Changes in impairment for expected credit losses as at H1 2026 H1 2025 the period from 01 Jan 2026 to 30 Jun 2026 the period from 01 Jan 2025 to 30 Jun 2025 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Opening balance 243 558 3,353 4,154 241 566 3,148 3,955 Changes in the period, including: 27 -2 147 172 -14 -40 324 270 loans granted in the period 71 - - 71 60 - - 60 transfer to Stage 1 20 -85 -11 -76 16 -96 -9 -89 transfer to Stage 2 -29 214 -43 142 -27 180 -36 117 transfer to Stage 3 -6 -96 449 347 -10 -67 408 331 repayment (total and partial) and the release of new tranches -11 -51 -268 -330 -28 -73 -182 -283 changed provisioning under impairment for expected credit losses -19 25 166 172 -36 - 314 278 management adjustments 1 -11 -36 -46 11 17 -24 4 Total impairment for expected credit losses in the profit and loss account 27 -4 257 280 -14 -39 471 418 derecognition from the balance sheet (write-downs, sale) - - -174 -174 - - -198 -198 calculation and write-off of effective interest - - 34 34 - - 30 30 other - 2 30 32 - -1 21 20 Closing balance 270 556 3,500 4,326 227 526 3,472 4,225 Contents 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 standalone financial statements of ING Bank Śląski S.A. 30 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 35
7.13. Debt securities as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Measured at fair value through profit or loss (Note 7.10) 1,830 1,090 733 other 1,830 1,090 733 Measured at fair value through other comprehensive income in the investment securities portfolio (Note 7.11) 36,718 38,208 38,338 transferred assets in accordance with IFRS 9.3.2.23(a) 4,260 - 13,425 other 32,458 38,208 24,913 Measured at amortised cost in the investment securities portfolio (Note 7.11) 51,376 27,049 33,954 transferred assets in accordance with IFRS 9.3.2.23(a) 1,544 - 3,006 other 49,832 27,049 30,948 Measured at amortised cost in the loans and other receivables to customers portfolio (Note 7.12) 4,735 4,667 4,353 other 4,735 4,667 4,353 Total of which: 94,659 71,014 77,378 transferred assets in accordance with IFRS 9.3.2.23(a) 5,804 - 16,431 other 88,855 71,014 60,947 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. 7.14. Liabilities to other banks as at 30.06.2026 31.12.2025 30.06.2025 Current accounts 480 733 396 Interbank deposits 2,124 341 413 Loans received* 14,012 13,652 13,673 Received call deposits 90 314 187 Other liabilities 2 2 2 Total 16,708 15,042 14,671 *) 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 11.1.4. MREL requirements. 7.15. Financial liabilities measured at fair value through profit or loss as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Financial liabilities held for trading, including: valuation of derivatives 587 498 734 book short position in trading securities 394 418 105 Total 981 916 839 Contents 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 standalone financial statements of ING Bank Śląski S.A. 31 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 36
7.16. Liabilities to customers as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 transformed data Deposits, including: 258,330 233,356 223,650 Corporate banking 102,000 97,305 90,373 current deposits 67,235 66,135 59,373 saving deposits 19,301 20,941 19,910 term deposits 15,464 10,229 11,090 Retail banking 156,330 136,051 133,277 current deposits 37,141 34,998 33,868 saving deposits 97,878 81,942 80,225 term deposits 21,311 19,111 19,184 Other liabilities, including: 1,836 1,972 1,981 liabilities under monetary hedges 560 872 751 call deposits 35 45 9 other liabilities 1,241 1,055 1,221 Total 260,166 235,328 225,631 Starting from the consolidated financial statements for the period from 1 January 2026 to 31 March 2026, the Group changed the presentation of repurchase transactions in the statement of financial position. Liabilities due to reverse repurchase transactions measured at amortised cost concluded with banks and customers were transferred from Liabilities to other banks and Liabilities to customers to a new item Liabilities from repo transactions measured at amortised cost. For more information, see chapter 6. Comparability of financial data. Data for earlier periods have been restated to ensure comparability. 7.17. Provisions as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Provision for off-balance sheet liabilities 105 139 86 Provision for legal risk of foreign currency mortgage loans* 144 208 238 Provision for retirement benefits 130 122 108 Provision for restructuring 48 60 75 Provision for litigation 68 62 44 Other provisions 142 52 38 Total 637 643 589 *) As at 30 June 2026, the Group created provisions for legal risks in the amount of PLN 90 million. Provision for litigation Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Provision for litigation at the beginning of the period 67 62 45 46 Changes during the period, including: 1 6 -1 -2 provisions recognised 2 10 2 3 provisions reversed -1 -2 -1 -2 provisions utilised - -2 -2 -3 Provision for litigation at the end of the period 68 68 44 44 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 2026, 1,105 court cases were pending against the Bank (1,485 cases at the end of 2025) in connection with concluded CHF-indexed loan agreements. The outstanding principal of the mortgage loans to which these proceedings related was PLN 180 million as at 30 June 2026 (PLN 241 million at the end of 2025). As at 30 June 2026, 1,795 cases were completed (1,234 cases at the end of 2025). 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 2025 are included in the annual consolidated financial statements of the ING Bank Śląski S.A. Group for the period from 1 January 2025 to 31 December 2025. On 22 January 2026, the CJEU issued a judgment confirming the admissibility of the case resolution regarding a CHF-indexed contract by offsetting in one proceeding. The CJEU stated that banks may raise the objection of set- off even if the invalidity of the contract is contested. The CJEU pointed out that depriving a bank of the possibility to raise a charge of set-off against a consumer would constitute a disproportionate violation of its right to effective judicial protection. On 16 April 2026, the CJEU issued 3 favourable judgments for banks regarding the limitation of bank claims for repayment of loan principal after declaring the agreements invalid due to unlawful provisions contained in the agreements. • In Case C-752/24, the Court confirmed that EU law does not preclude an approach according to which a bank can effectively claim the repayment of capital even when it has brought an action before the final conclusion of the invalidity case. Contents 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 standalone financial statements of ING Bank Śląski S.A. 32 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 37
• In Case C-901/24, the Court confirmed that a consumer’s declaration of awareness of the effects of the invalidity of a contract may be relevant for the assessment of the limitation period of a bank’s claim. • In Case C-753/24, the Court held that EU law does not preclude national solutions allowing a court, in exceptional situations, to ignore the limitation period for a bank’s claim if it is justified by reasons of fairness. It follows from those judgments that: • bank restitution claims (capital restitution) are not, in principle, excluded, even with consumer protection, from Directive 93/13, • the limitation period may be interrupted both by the bank’s actions (suit) and in specific situations by the consumer’s behaviour (e.g. recognition of a debt), • national legal institutions such as fairness considerations (Article 117¹ of the Civil Code) are not per se contrary to EU law, but must be applied in an exceptional and proportionate manner, • national courts need to protect consumers through litigation (e.g. suspension of proceedings, cost control), but they must not mechanically lead to a statute of limitations for banks' claims. These decisions confirm that the settlement of the effects of the invalidity of the contract should take into account the rights of both parties and must not lead to disproportionate results. Rulings put existing disputes in order, strengthen legal certainty, increase the predictability of jurisprudence and foster the development of settlements as a rational way to end disputes. The CJEU significantly reduced the possibility for consumers to effectively raise objections of statute of limitations against bank claims. Banks retain the right to recover capital as a fundamental element of the equilibrium of the parties to a legal relationship. In June and early July 2026, the CJEU issued several judgments regarding CHF-indexed loan agreements: • in Case C 903/24, the Court held that the consumer is entitled to default interest only after he has been served with the bank a claim stating the exact amount, • in Cases C 261/25 and C 262/25, the Court has confirmed that the limitation period for a bank’s claim for repayment of capital begins to run on the day on which the consumer challenges the bank’s obligation to be bound by the contract. All the judgments that have been made this year have been favourable to the banks and have confirmed that consumer protection must not lead to banks being deprived of the right to recover the capital paid out. The Court has consistently emphasised that the settlement of the effects of the invalidity of a contract should take into account the rights of both parties, and consumer protection should not lead to disproportionate and unfair results. Settlement programme The Bank offers borrowers with mortgage loans indexed to CHF/EUR the possibility of concluding voluntary settlements. By the end of H1 2026, the Bank had concluded 1,473 settlements (1,090 settlements by the end of 2025), including 818 settlements before the PFSA Court of Arbitration (802 settlements by the end of 2025). 7.18. Other liabilities as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Accruals, including: 1,161 979 1,216 due to employee benefits 253 388 241 due to commissions 260 227 267 due to general and administrative expenses 402 364 534 liabilities to BFG due to obligatory contributions 246 - 174 Other liabilities, including: 2,658 2,705 2,603 lease liabilities 500 497 513 interbank settlements 1,129 1,194 1,119 settlements with suppliers 185 164 153 public and legal settlements 233 216 198 liability to pay to the BFG guarantee fund 296 295 244 liability to pay to the BFG resolution fund 202 202 187 other: 113 137 189 Total 3,819 3,684 3,819 7.19. Fair value 7.19.1. Financial assets and liabilities measured at fair value in statement of financial position In 2026, there were no transfers between levels of the valuation hierarchy, as in 2025. In the H1 2026, 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 33 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 38
as at 30 Jun 2026 Level 1 Level 2 Level 3 Total Financial assets, including: 38,548 1,056 326 39,930 Financial assets held for trading, including: 1,830 1,027 - 2,857 valuation of derivatives - 490 - 490 other financial assets held for trading, including: 1,830 537 - 2,367 debt securities 1,830 - - 1,830 repo transactions - 537 - 537 Financial assets other than those held for trading, measured at fair value through profit or loss, including: - - 7 7 loans are obligatorily measured at fair value through profit or loss - - 6 6 equity instruments - - 1 1 Derivative hedge instruments - 29 - 29 Financial assets measured at fair value through other comprehensive income, including: 32,458 - 319 32,777 debt securities 32,458 - - 32,458 equity instruments - - 319 319 Transferred assets 4,260 - - 4,260 Financial liabilities, including: 394 628 - 1,022 Financial liabilities held for trading, including: 394 587 - 981 valuation of derivatives - 587 - 587 book short position in trading securities 394 - - 394 Derivative hedge instruments - 41 - 41 as at 31 Dec 2025 Level 1 Level 2 Level 3 Total Financial assets, including: 39,298 1,315 307 40,920 Financial assets held for trading, including: 1,090 1,242 - 2,332 valuation of derivatives - 818 - 818 other financial assets held for trading, including: 1,090 424 - 1,514 debt securities 1,090 - - 1,090 repo transactions - 424 - 424 Financial assets other than those held for trading, measured at fair value through profit or loss, including: - - 8 8 loans are obligatorily measured at fair value through profit or loss - - 7 7 equity instruments - - 1 1 Derivative hedge instruments - 73 - 73 Financial assets measured at fair value through other comprehensive income, including: 38,208 - 299 38,507 debt securities 38,208 - - 38,208 equity instruments - - 299 299 Financial liabilities, including: 418 575 - 993 Financial liabilities held for trading, including: 418 498 - 916 valuation of derivatives - 498 - 498 book short position in trading securities 418 - - 418 Derivative hedge instruments - 77 - 77 The financial assets classified to level 3 of the valuation hierarchy as at 30 June 2026 and as at 31 December 2025 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 2026, it was in the range of 11.5%-14.0%, depending on the company (11.1-13.1% at the end of 2025). Fair value measurement of unquoted equity interests in other companies as at 30 June 2026 and 31 December 2025 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 2026. Change in financial assets classified to level 3 of measurement During H1 2026, the change in the valuation of equity instruments classified as level 3 measured in other comprehensive income amounted to PLN 20 million (compared to PLN 47 million in H1 2025). The impact on profit and loss account of the valuation of loans classified to level 3 was immaterial in H1 2026, similarly to H1 2025. Contents 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 standalone financial statements of ING Bank Śląski S.A. 34 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 39
H1 2026 H1 2025 the period from 01 Jan 2026 to 30 Jun 2026 the period from 01 Jan 2025 to 30 Jun 2025 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 profit or loss equity instruments measured at fair value through other comprehensive income Opening balance 7 1 299 21 1 254 Additions, including: - - 20 - - 47 valuation referred to accumulated other comprehensive income - - 20 - - 47 Reductions, including: -1 - - -10 - - loan repayments -1 - - -10 - - Closing balance 6 1 319 11 1 301 7.19.2. Financial assets and liabilities which are not presented 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 June 2026 have not changed compared to those used at the end of 2025 (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 2025 to 31 December 2025). There were no transfers between valuation levels in 2026, as in 2025. as at 30 Jun 2026 Carrying amount Fair value Level 1 Level 2 Level 3 Total Investment securities at amortised cost 49,832 38,624 10,943 - 49,567 Transferred assets 1,544 1,526 - - 1,526 Loans and receivables to customers at amortised cost, including: 188,750 - - 189,342 189,342 Corporate banking segment, including: 102,169 - - 102,665 102,665 loans and advances (in the current account and term ones) 76,745 - - 77,666 77,666 lease receivables 13,643 - - 13,354 13,354 factoring receivables 7,046 - - 7,046 7,046 corporate and municipal debt securities 4,735 - - 4,599 4,599 Retail banking segment, including: 83,396 - - 83,492 83,492 mortgages 72,291 - - 72,336 72,336 other loans and advances 11,105 - - 11,156 11,156 Other receivables 3,185 - - 3,185 3,185 Receivables from reverse repo transactions measured at amortised cost 18,526 - 18,526 - 18,526 Liabilities to customers 260,166 - - 260,162 260,162 Liabilities from repo transactions measured at amortised cost 6,097 - 6,097 - 6,097 Liabilities from debt securities issued 2,520 - - 2,533 2,533 Subordinated liabilities 2,590 - - 2,650 2,650 as at 31 Dec 2025 Carrying amount Fair value Level 1 Level 2 Level 3 Total Investment securities at amortised cost 27,049 24,534 2,042 - 26,576 Loans and receivables to customers at amortised cost, including: 180,309 - - 181,056 181,056 Corporate banking segment, including: 97,462 - - 97,864 97,864 loans and advances (in the current account and term ones) 72,651 - - 73,370 73,370 lease receivables 13,672 - - 13,493 13,493 factoring receivables 6,472 - - 6,472 6,472 corporate and municipal debt securities 4,667 - - 4,529 4,529 Retail banking segment, including: 79,536 - - 79,881 79,881 mortgages 69,096 - - 69,140 69,140 other loans and advances 10,440 - - 10,741 10,741 Other receivables 3,311 - - 3,311 3,311 Receivables from reverse repo transactions measured at amortised cost 23,101 - 23,101 - 23,101 Liabilities to customers 235,328 - - 235,331 235,331 Liabilities from debt securities issued 1,521 - - 1,555 1,555 Subordinated liabilities 2,548 - - 2,634 2,634 Contents 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 standalone financial statements of ING Bank Śląski S.A. 35 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 40
8. Off-balance sheet items as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Contingent liabilities granted 64,879 62,979 59,585 Contingent liabilities received 24,979 28,162 26,194 Off-balance sheet financial instruments 1,744,714 1,630,152 1,584,503 Total 1,834,572 1,721,293 1,670,282 9. Update of information on administrative proceedings and court proceedings regarding WIBOR and sanction of free credit The value of proceedings concerning liabilities or receivables pending in the H1 2026 did not exceed 10% of the Group’s equity. In the Group’s opinion, none of the individual proceedings pending in the H1 2026 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. 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 7.17. Provisions. The value of provisions for legal risks as at 30 June 2026, 31 December 2025 and 30 June 2025, respectively, is presented in note 7.17. Provisions. PFSA proceedings On 12 October 2018, the Polish Financial Supervision Authority (KNF) imposed a fine of PLN 0.5 million on the Bank for breach of the depositary’s obligations in connection with performing this function for Inventum Premium SFIO and Inventum Parasol FIO funds. In the course of the re-examination of the case, the PFSA maintained its findings and did not find grounds to reduce the fine. In December 2018, the Bank created a provision for this amount and paid the fine in the third quarter of 2020. On 1 October 2020, the Bank appealed against the KNF’s decision to the Voivodship Administrative Court (WSA). In its judgement of 7 April 2021, the Voivodeship Administrative Court overturned both the decision of the Polish Financial Supervision Authority of 12 October 2018 and the decision maintaining it in force of 12 August 2020. KNF then filed a cassation complaint to the Supreme Administrative Court (NSA), to which the Bank responded on 25 August 2021. After the hearing held on 19 March 2025, the Supreme Administrative Court overturned the judgement of the Voivodeship Administrative Court and referred the case for reconsideration. The Supreme Administrative Court found that the Voivodeship Administrative Court prematurely found an infringement of law by the PFSA, pointing out that the reasons for the PFSA’s decision showed which provisions had been violated by the Bank and for which a sanction was imposed. On 5 August 2025, the Voivodeship Administrative Court, bound by the legal assessment of the Supreme Administrative Court, dismissed the Bank’s complaint and upheld the decision of the Polish Financial Supervision Authority. After receiving the justification of the judgement, the Bank filed a cassation complaint to the Supreme Administrative Court. On 30 June 2026, the Supreme Administrative Court dismissed the Bank’s cassation appeal against the decision of the Polish Financial Supervision Authority. The Bank awaits the written justification of the judgement. The decision of the Polish Financial Supervision Authority is final and binding. Proceedings before the President of the Office of Competition and Consumer Protection (UOKiK) Proceedings on practices violating collective consumer interests regarding unauthorised transactions On 22 June 2021, the UOKiK initiated an investigation against the Bank regarding the manner of examining reports of unauthorised payment transactions, in particular the return of funds within the D+1 deadline. In the course of the proceedings, the Bank provided UOKiK with the required explanations and documents. On 22 November 2022, UOKiK initiated proceedings concerning practices violate the collective interests of consumers. The allegations concerned: • failure to refund unauthorised transactions within the deadline specified in the Payment Services Act, • providing information in responses to complaints, which, in the opinion of UOKiK, could mislead customers as to the principles of transaction authorisation and the distribution of the burden of proof, • providing consumers with information that is likely to be misleading as to liability for unauthorised transactions and possible recovery. On 16 January 2023, the Bank presented an extensive position, challenging the validity of the allegations and presenting its own interpretation of the provisions of the Payment Services Act. The proceedings are still pending. The Bank declared its willingness to end the proceedings in the form of a commitment decision. The UOKiK has extended the deadline for completing the proceedings to 30 July 2026. As at 30 June 2026, the Group maintains a provision related to this proceeding in the amount of PLN 58 million (PLN 38 million as at 31 December 2025). Proceeding on the provisions providing for the possibility of changing the contractual template, contract or table of fees and commissions for important reasons, the so-called modification clauses On 1 April 2019, the President of the UOKiK initiated ex officio proceedings concerning the provisions of contract templates regulating the possibility of unilateral amendment of the contract, regulations and tables of fees and commissions (the so-called modification clauses) as unlawful. In the opinion of UOKiK, the contested provisions may constitute unlawful contractual clauses, in particular due to the possibility of unilateral amendment of significant terms of contracts concluded for a definite period, the general and insufficiently precise nature of the prerequisites for changes and the lack of provisions enabling further performance of the contract concluded for a definite period on the existing terms, if the consumer does not unilaterally accept the changes proposed by the Bank. Contents 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 standalone financial statements of ING Bank Śląski S.A. 36 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 41
On 13 May 2021, UOKiK informed the Bank about the completion of the collection of evidence, but after this date the Bank continued to provide additional explanations and replies to the Authority’s letters. The proceedings are still pending. The Office of Competition and Consumer Protection has decided to extend the deadline for completing the proceedings until 31 August 2026. Litigation concerning loans based on variable interest rate and the rules for determining the WIBOR reference rate As at 30 June 2026, the Bank was subject to 360 court proceedings (304 proceedings as at 31 December 2025), 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 2026, 39 cases were completed with a positive result (27 cases as at 31 December 2025). Court proceedings concerning the sanction of free credit As at 30 June 2026 there were 108 court proceedings against the Bank concerning the free loan sanction (103 proceedings as at 31 December 2025). As at 30 June 2026, 48 cases were already completed (39 cases as at 31 December 2025). In one case, irregularities were found, i.e. a statement on the sanction of a free loan was considered. Issues related to the CJEU judgement on the calculation of interest on credit costs On 23 April 2026, the CJEU issued a judgement in Case C-744/24, in which the national court asked the CJEU whether the bank’s practice of charging interest also on the part of the loan intended to cover the insurance premium is consistent with Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on consumer credit agreements. The Court’s answer to that question is in the negative. According to the CJEU, the bank cannot charge interest on the part of the loan that is intended to cover the cost of the loan, e.g.: commission for granting, insurance. According to the CJEU, the bank may also make the loan available to consumers who do not have any initial capital in order to finance the costs resulting from the conclusion of the loan agreement, and all negative financial consequences should be taken into account by the bank at the interest rate on the loan. The CJEU judgement stipulates that the bank may not charge interest on the part of the loan that is intended to cover the cost of the loan. However, it does not specify the effects of collecting this interest in existing contracts. The Bank is finalising analyses on the effects of this judgement. Information on other pending proceedings, in connection with which there were no significant changes in the H1 2026, is provided in the annual consolidated financial statements of the ING Bank Śląski S.A. Capital Group for the period from 1 January 2025 to 31 December 2025. 10. Transactions with related parties ING Bank Śląski S.A. is a subsidiary of ING Bank NV, which as at 30 June 2026 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 Leasing 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 three subordinated loans and three non-preferred senior (NPS) loans in its balance sheet, which result from agreements concluded with ING Bank N.V. 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 receivables, liabilities and off-balance sheet operations as well as revenues and costs, resulting 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 2026 H1 2025 the period from 01 Jan 2026 to 30 Jun 2026 the period from 01 Jan 2025 to 30 Jun 2025 Revenue and costs Revenue, including: -146 16 22 -494 1 34 interest and commission income/expenses -110 5 22 -41 3 34 result on financial instruments -37 11 - -455 -2 - other core business result 1 - - 2 - - Operating costs -208 -26 - -196 -27 - Contents 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 standalone financial statements of ING Bank Śląski S.A. 37 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 42
ING Bank N.V. other ING Group entities ING Bank N.V. other ING Group entities associates as at 30 Jun 2026 as at 31 Dec 2025 Receivables, including: 16,144 17 23,215 3 - Nostro accounts 60 9 42 2 - Positive valuation of derivatives 84 8 72 - - Reverse repo transactions 15,999 - 23,098 - - Other claims 1 - 3 1 - Liabilities, including: 19,006 385 16,888 470 57 Deposits received 2,142 217 409 280 57 Loans received, including: 14,012 - 13,652 - - Non Preferred Senior (NPS) loan 9,096 - 8,949 - - Subordinated loan 2,590 - 2,548 - - Loro accounts 56 158 88 178 - Negative valuation of derivatives 56 - 28 - - Other liabilities 150 10 163 12 - Off-balance-sheet operations, including: 23,350 993 12,168 455 - Off-balance sheet liabilities granted 634 485 808 445 - Off-balance sheet liabilities received 748 11 890 10 - FX transactions 20,662 - 8,999 - - Forward transactions - 497 - - - IRS - - 29 - - Options 1,306 - 1,442 - - 10.1. 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 2026, Members of the Bank’s Management Board held a total of 23,801 shares, which consisted of allotments of shares from subsequent years, including for the period of non-performance of the function of a Management Board Member, after taking into account the sale of financial instruments by individual Management Board Members: • non-deferred own shares for the period from 1 July to 31 December 2022 (3,177 shares), • the first part of deferred shares for the period from 1 July to 31 December 2022 (511 shares) and non-deferred shares for the period from 1 January to 31 December 2023 (4,239 shares), • the second part of deferred shares for the period from 1 July to 31 December 2022 (564 shares), the first part of deferred shares for the period from 1 January to 31 December 2023 (1,151 shares) and non-deferred shares for the period from 1 January to 31 December 2024 (4,789 shares), • the third part of deferred shares for the period from 1 July to 31 December 2022 (564 shares), the second part of deferred shares for the period from 1 January to 31 December 2023 (1,151 shares), the first part of deferred shares for the period from 1 January to 31 December 2024 (1,338 shares) and non-deferred shares for the period from 1 January to 31 December 2025 (6,317 shares). As at 31 December 2025, Members of the Bank’s Management Board held a total of 19,987 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), the first part of deferred shares for the period from 1 July to 31 December 2022 (627 shares after taking into account the sale of 176 shares) and non-deferred shares for the period from 1 January to 31 December 2023 (5,587 shares after taking into account the sale of 1,635 shares), as well as 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 shares) and not deferred for the period from 1 January to 31 December 2024 (6,602 shares). Members of the Bank’s Supervisory Board did not hold any shares in ING Bank Śląski S.A. either as at 30 June 2026 or as at 31 December 2025. Contents 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 standalone financial statements of ING Bank Śląski S.A. 38 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 43
10.2. Remuneration of the members of the Management Board and Supervisory Board of ING Bank Śląski S.A. Remuneration of ING Bank Śląski S.A. Management Board Members H1 2026 H1 2025 the period from 01 Jan 2026 to 30 Jun 2026 the period from 01 Jan 2025 to 30 Jun 2025 Salaries 7 8 Other benefits* 2 2 Total 9 10 *) Other benefits include insurance, payments to the investment fund, medical care and other benefits granted by the Supervisory Board of the Bank. Benefits for 2026 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 2026, the payment of which will take place in the years 2027-2034. Therefore, a provision was created for the payment of the bonus for 2026 for members of the Management Board, which as at 30 June 2026 amounted to PLN 7 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 2026 H1 2025 the period from 01 Jan 2026 to 30 Jun 2026 the period from 01 Jan 2025 to 30 Jun 2025 Salaries 7 8 Awards* 5 6 Other benefits** 2 2 Total 14 16 *) The awards for H1 2026 include components such as: – Bonus under the Variable Remuneration Program: for 2024 non-deferred cash, for 2024 first tranche deferred cash, for 2023 second tranche cash deferred, for 2022 third tranche cash deferred, for 2021 fourth tranche cash deferred – Phantom Shares under the Variable Remuneration Program: for 2022 second tranche deferred, for 2021 third tranche deferred, for 2020 third tranche deferred 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 and for 2019 fourth deferred cash tranche and for 2018 fifth deferred cash tranche. – Phantom Shares under the Variable Remuneration Program: for 2022 first deferred tranche, 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. **) 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 2026 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 (similar to the H1 2025. Contents 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 standalone financial statements of ING Bank Śląski S.A. 39 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 44
11. 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 2025 to 31 December 2025. The most significant changes in H1 2026 in the processes and regulations of managing individual risk types are presented below. 11.1. Capital management In Q2 2026, the Group finalised work on further Risk Materiality Assessment Workshops. During the workshops, a standard annual risk review was carried out, and the approach to risk classification was modified, including the development of a risk matrix. The change was aimed at increasing transparency and illustrating more fully the relationship between the identified risk areas. Risks identified in the previous approach have been included in the newly created risk matrix. 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 business and strategic risk). 11.1.1. Minimum capital requirements As at 30 June 2026, the minimum capital requirements for the ING Group of Bank Śląski are: • Common Equity Tier 1 (CET1) >= 9.00%, • Tier 1 ratio (T1) >=10.50%, • Total capital ratio (TCR) >= 12.50%. The surplus of the total capital ratio over the regulatory requirement (together with P2G) decreased, compared to the end of 2025, from 3.27 p.p. to 2.43 p.p. and the surplus of the Tier 1 ratio decreased from 4.47 p.p. to 2.96 p.p. 11.1.2. Prudential consolidation In the case of the ING Bank Śląski S.A. Capital Group, the scope of prudential consolidation is the same as the scope of consolidation adopted when preparing the consolidated financial statements in accordance with IFRS. 11.1.3. Total capital ratio On 16 April 2026 the Ordinary General Meeting of the Bank approved the distribution of the profit for 2025. The inclusion of the net profit earned in 2025 in own funds as at 31 December 2025 resulted in an increase in the Group’s TCR and Tier 1 ratios to 15.77% and 14.97%, 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 2025 to 31 December 2025, the Group’s TCR and Tier 1 ratios as at 31 December 2025 were 14,98% and 14,18%, respectively. as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 A. Own equity in the statement of financial position, including: 19,679 21,342 17,616 A.I. Own equity included in the own funds calculation 19,971 19,890 18,764 A.II. Own equity excluded from own funds calculation -292 1,452 -1,148 B. Other elements of own funds (decreases and increases), including: -36 494 456 value adjustments due to prudent valuation requirements -41 -42 -41 goodwill and other intangible assets -1,019 -482 -474 deferred tax assets based on future profitability and not arising from temporary differences after deducting related income tax liabilities -1 - - shortfall in credit risk adjustments against expected losses under the IRB approach -874 -241 -450 shortfall in coverage for non-performing exposures -73 -54 -31 transitional adjustments to common equity Tier 1 capital - 283 268 equity instruments qualifying as Tier 2 capital 1,972 1,030 1,184 Own funds taken into account in total capital ratio calculation (A.I. + B), including: 19,935 20,384 19,220 Core Tier 1 capital 17,963 19,354 18,036 Tier 2 capital 1,972 1,030 1,184 Risk weighted assets, including: 133,481 129,280 122,524 for credit risk 115,712 111,822 106,874 for operational risk 16,278 15,815 14,456 other 1,491 1,643 1,194 Total capital requirements 10,678 10,342 9,802 Total capital ratio (TCR) 14.93% 15.77% 15.69% minimum required level 12.50% 12.50% 11.51% surplus TCR ratio 2.43 p.p. 3.27 p.p. 4.18 p.p. Tier 1 ratio (T1) 13.46% 14.97% 14.72% minimum required level 10.50% 10.50% 9.51% surplus T1 ratio 2.96 p.p. 4.47 p.p. 5.21 p.p. Contents 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 standalone financial statements of ING Bank Śląski S.A. 40 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 45
11.1.4. MREL requirements as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 MREL - TREA 25.01% 26.03% 25.60% minimum required level (including combined buffer requirement) 20.33% 20.75% 19.76% surplus (+) / deficiency (-) of the MREL - TREA ratio 4.68 p.p. 5.28 p.p. 5.84 p.p. minimum required level (not including combined buffer requirement) 15.83% 16.25% 16.25% surplus (+) / deficiency (-) of the MREL - TREA ratio 9.18 p.p. 9.78 p.p. 9.35 p.p. MREL - TEM 9.66% 10.77% 9.88% minimum required level 5.91% 5.91% 5.91% surplus (+) / deficiency (-) of the MREL - TEM ratio 3.75 p.p. 4.86 p.p. 3.97 p.p. On 24 March 2026, the Bank received a 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. For more information, see chapter 2. Significant events in H1 2026. At the end of H1 2026 , 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 2026, the carrying amount of liabilities due to NPS loans was PLN 9,096 million (compared to PLN 8,949 million as at 31 December 2025 and PLN 8,981 million as at 30 June 2025) and was recognised in the statement of financial position in the item Liabilities to banks. 11.1.5. Dividend payment On 16 April 2026, the Ordinary General Meeting of the Bank adopted a resolution on the payment of dividend from the profit for 2025. Pursuant to this resolution, the Bank will pay a dividend in the total amount of PLN 3,475 million, i.e. PLN 26.71 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 22 April 2026 and the dividend payment date is set for 27 April 2026. 11.2. Significant changes in risk management processes and regulations In the H1 2026, the existing competences of the ALCO Committee were changed. The Financial Risk Committee (FRC) was separated, which was entrusted, in particular, with the responsibility for determining the financial risk appetite and limits in the area of capital adequacy. As a result, some of the tasks previously carried out under ALCO were transferred to the FRC, while ALCO retained responsibility for the strategic and ongoing management of the balance sheet, liquidity and financing and interest rate risk in the banking book, with particular emphasis on the business perspective. 11.2.1. Credit risk The main changes in the credit policy: Loans to retail customers Mortgage and consumer credit area: • the Group has implemented a new Risk Exposure Management Policy concerning the treatment of receivables with a deteriorating risk profile, • the Rules for Conducting Debt Collection and Restructuring of Loans and Borrowings were updated in order to comply with the above Policy, • updated Credit Risk Assessment Principles (ZORK), including the regulation of the rules for applying derogations, • the parameters used for creditworthiness assessment were updated (interest rate risk buffers, exchange rates, default interest rates, income buffers in consumer loans, costs of living). Mortgage loans area: • the Group has launched a new process of applying for a mortgage product - in the MojeING channel, • new functionalities have been implemented in the EasyHipo process (digital mortgage), • a new method of verifying the income declared by the customer in the mortgage loan application process in the MojeING channel (PSD2 - Payment Services Directive 2) has been approved, • the Group approved the analyses and agreed on the principles of using external price change indices in the monitoring process for premises and houses, • the Group changed the method of calculating DSTI (Debt Service-to-Income) and lowered the maximum DSTI level for the low-risk group from 65% to 60% (implementation in the second half of 2026), The area of consumer loans: • the Group has started piloting a new method of calculating private banking clients’ income based on assets deposited in the Bank. • the Group has prepared a package of changes optimising the principles of risk assessment (among others, the DSTI calculation method was changed and the maximum DSTI levels were lowered, or the minimum age of the client was aligned in all offers). The changes will be implemented in the coming quarters. Contents 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 standalone financial statements of ING Bank Śląski S.A. 41 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 46
Loans for entrepreneurs (sole proprietorships) in the corporate segment • a new decision-making model was implemented in the credit process, • the rules of control in the process of granting an investment loan for housing communities have been changed, • the Group actively manages the criteria for granting financing in the context of the geopolitical situation and changes in the prices of raw materials, • the Group has implemented a new Risk Exposure Management Policy concerning the rules for handling receivables with a deteriorating risk profile. Loans to corporate customers (excluding loans to entrepreneurs) • the Group develops PD models, introducing new ones and recalibrating existing ones, • the Group has implemented a new Policy for Managing Higher Risk Exposures which deals with the rules for handling receivables with a deteriorating risk profile • the provisions of the Security Instructions have been updated in order to adapt them to the requirements of CRR3. 11.2.2. Operational risk In the H1 2026, the Group: • updated the operational risk taxonomy and Instructions, including monitoring recommendations, risk monitoring using key risk indicators, or risk identification and assessment, • updated the terms of cooperation between the Bank and its subsidiaries, • updated internal regulations in the field of newly implemented external regulations - the Artificial Intelligence Regulation (AI Act). In terms of information risk, the Group has consistently developed and improved its approach to IT risk management, maintaining a high level of control and ongoing monitoring of key technological areas. Risk management was implemented in a systemic manner, using a set of measurable indicators and tools supporting the monitoring and reporting of IT risk. In the analysed period, the Group placed particular emphasis on further strengthening the organisation's operational resilience, including the development of critical service management processes, improving reporting mechanisms and increasing readiness for potential disruptions in the IT area. At the same time, work was carried out aimed at further automation and improvement of infrastructure processes, including those related to the management of external connections. The implemented activities are part of a long- term direction of strengthening the ICT risk management framework and building the bank’s digital resilience, in accordance with regulatory requirements and best market practices. The Group is consistently developing its capabilities in this area, ensuring stability of operations and security of services provided to customers. 11.2.3. Model risk In H1 2026, the Group updated the regulations detailing the Model Risk Management Policy (including the Model Life Cycle Standard and model validation standards for individual categories) and introduced a new AI risk management instruction. In addition, an annual model materiality review was carried out, as a result of which the model materiality was verified and updated where appropriate. 11.2.4. Business and strategic risk In 2026, the Group modified its approach to identifying and assessing business and strategic risks, developing them towards a more holistic approach. The new approach takes into account a wide range of factors that may influence the implementation of the Group's strategy and its results, including macroeconomic, regulatory, geopolitical or technological conditions. In parallel, work continues on further developing the methodology for calculating economic capital in order to adapt it to the updated approach. Contents 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 standalone financial statements of ING Bank Śląski S.A. 42 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 47
SIGNATURES OF THE MANAGEMENT BOARD MEMBERS OF ING BANK ŚLĄSKI S.A. 2026-07-29 Michał Bolesławski President The original Polish document is signed with a qualified electronic signature 2026-07-29 Joanna Erdman Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Marcin Giżycki Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Bożena Graczyk Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Marcin Kościński Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Maciej Ogórkiewicz Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Wojciech Sieńczyk Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Agnieszka Wolska Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Alicja Żyła Vice-President The original Polish document is signed with a qualified electronic signature SIGNATURE OF THE PERSON RESPONSIBLE FOR ACCOUNTS 2026-07-29 Jolanta Alvarado Rodriguez Director of the Accounting Department, Chief Accountant of the Bank The original Polish document is signed with a qualified electronic signature Spis treści Wybrane dane finansowe Śródroczny skrócony skonsolidowany rachunek zysków i strat Śródroczne skrócone skonsolidowane sprawozdanie z całkowitych dochodów Śródroczne skrócone skonsolidowane sprawozdanie z sytuacji finansowej Śródroczne skrócone skonsolidowane sprawozdanie ze zmian w kapitale własnym Śródroczne skrócone skonsolidowane sprawozdanie z przepływów pieniężnych Informacje uzupełniające do skróconego skonsolidowanego sprawozdania finansowego Śródroczne skrócone jednostkowe sprawozdanie finansowe ING Banku Śląskiego S.A. 43 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 48
INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS OF ING BANK ŚLĄSKI S.A. Interim condensed income statement 45 Interim condensed statement of comprehensive income 46 Interim condensed statement of financial position 47 Interim condensed statement of changes in equity 48 Interim condensed cash flow statement 50 Additional information to the interim condensed separate financial statements 51 Contents 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 standalone financial statements of ING Bank Śląski S.A. 44 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 49
Interim condensed income statement Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Interest income 3,344 6,638 3,316 6,545 calculated using effective interest rate method 3,268 6,473 3,173 6,235 other interest income 76 165 143 310 Interest expenses -1,106 -2,159 -1,248 -2,369 Net interest income 2,238 4,479 2,068 4,176 Commission income 771 1,506 731 1,437 Commission expenses -178 -343 -166 -315 Net commission income 593 1,163 565 1,122 Net income on financial instruments measured at fair value through profit or loss and FX result 109 149 171 278 Net income on the sale of securities measured at amortised cost - -1 -4 -3 Net income on the sale of financial assets at fair value through other comprehensive income and dividend income 77 77 3 3 Net (loss)/income on hedge accounting 4 49 -34 -29 Net (loss)/income on other basic activities -87 -66 -5 -1 Net income on basic activities 2,934 5,850 2,764 5,546 General and administrative expenses -1,016 -2,240 -1,001 -2,151 Impairment for expected credit losses -11 -216 -184 -366 including profit on sale of receivables 62 62 45 45 Cost of legal risk of FX mortgage loans -1 -2 -1 -1 Tax on certain financial institutions -221 -424 -198 -394 Share of profit/(loss) of subsidiaries and associates measured by equity method 55 110 76 124 Gross profit 1,740 3,078 1,456 2,758 Income tax -653 -1,168 -321 -609 Net profit 1,087 1,910 1,135 2,149 Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Net profit 1,087 1,910 1,135 2,149 Weighted average number of ordinary shares 130,232,846 130,206,113 130,205,083 130,175,225 Earnings per ordinary share (in ones) 8.35 14.67 8.72 16.51 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 45 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 50
Interim condensed statement of comprehensive income Q2 2026 H1 2026 YTD Q2 2025 H1 2025 YTD the period the period the period the period from 1 Apr 2026 from 1 Jan 2026 from 1 Apr 2025 from 1 Jan 2025 to 30 Jun 2026 to 30 Jun 2026 to 30 Jun 2025 to 30 Jun 2025 Net profit the period: 1,087 1,910 1,135 2,149 Total other comprehensive income, including: 1,376 -213 992 1,595 Items which can be reclassified to income statement, including: 1,353 -236 954 1,557 debt instruments measured at fair value through other comprehensive income - gains on revaluation carried through equity 92 80 -14 -19 debt instruments measured at fair value through other comprehensive income - reclassification to financial result due to sale -25 -25 -3 -3 loans measured at fair value through other comprehensive income - revaluation gains / losses recognised in equity 6 -7 47 27 cash flow hedging 1,280 -284 924 1,552 Items which will not be reclassified to income statement, including: 23 23 38 38 equity instruments measured at fair value through other comprehensive income - gains on revaluation carried through equity 15 15 38 38 actuarial gains/losses 8 8 - - Net comprehensive income for the reporting period 2,463 1,697 2,127 3,744 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 46 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 51
Interim condensed statement of financial position as at Note 30 Jun 2026 31 Dec 2025 30 Jun 2025 1 Jan 2025 transformed data transformed data transformed data Assets Cash and cash equivalents 11,409 7,308 8,826 8,360 Loans and other receivables to other banks 2,637 3,729 4,289 4,284 Financial assets measured at fair value through profit or loss 2,864 2,340 1,675 1,948 Derivative hedge instruments 29 73 47 61 Investment securities 82,481 65,358 56,063 58,892 Transferred assets 5,804 - 16,431 179 Loans and other receivables to customers 4.1 177,884 169,625 162,053 155,456 Receivables from reverse repo transactions measured at amortised cost 18,526 23,101 23,336 21,819 Investments in subsidiaries and associates accounted for using the equity method 2,364 2,191 2,077 1,969 Property, plant and equipment 933 898 922 969 Intangible assets 550 506 447 416 Deferred tax assets 464 410 388 467 Other assets 534 145 152 121 Total assets 306,479 275,684 276,706 254,941 as at Note 30 Jun 2026 31 Dec 2025 30 Jun 2025 1 Jan 2025 transformed data transformed data transformed data Liabilities Liabilities to other banks 11,797 10,348 9,986 10,803 Financial liabilities measured at fair value through profit or loss 981 916 839 1,400 Derivative hedge instruments 41 77 57 83 Liabilities to customers 260,547 235,412 225,737 219,941 Liabilities from repo transactions measured at amortised cost 6,097 - 16,307 - Liabilities from debt securities issued - - - - Subordinated liabilities 2,590 2,548 1,487 1,499 Provisions 634 641 585 633 Current income tax liabilities 666 923 453 15 Other liabilities 3,614 3,531 3,675 3,460 Total liabilities 286,967 254,396 259,126 237,834 Equity Share capital 130 130 130 130 Share premium 956 956 956 956 Accumulated other comprehensive income -2,151 -1,938 -3,167 -4,762 Retained earnings 20,594 22,149 19,667 20,783 Own shares for the purposes of the incentive program -17 -9 -6 - Total equity 19,512 21,288 17,580 17,107 Total equity and liabilities 306,479 275,684 276,706 254,941 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 47 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 52
Interim condensed statement of changes in equity H1 2026 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 -1,938 22,149 -9 21,288 Total comprehensive income, including: - - -213 1,910 - 1,697 Net profit for the current period - - - 1,910 - 1,910 Other net comprehensive income, including: - - -213 - - -213 financial assets measured at fair value through other comprehensive income - revaluation gains / losses recognized in equity - - 88 - - 88 debt securities measured at fair value through other comprehensive income - reclassification to profit or loss due to sale - - -25 - - -25 cash flow hedge - - -284 - - -284 actuarial gains/losses - - 8 - - 8 Other changes in equity, including: - - - -3,465 -8 -3,473 dividend payment - - - -3,475 - -3,475 valuation of employee incentive programs - - - 2 - 2 purchase of own shares for the purposes of the employee incentive program - - - 8 -8 - Closing balance of equity 130 956 -2,151 20,594 -17 19,512 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 - 17,107 Total comprehensive income, including: - - 2,824 4,633 - 7,457 Net profit for the current period - - - 4,633 - 4,633 Other net comprehensive income, including: - - 2,824 - - 2,824 financial assets measured at fair value through other comprehensive income - revaluation gains / losses recognized in equity - - 44 - - 44 debt securities measured at fair value through other comprehensive income - reclassification to profit or loss due to sale - - -41 - - -41 cash flow hedge - - 2,826 - - 2,826 actuarial gains/losses - - -5 - - -5 Other changes in equity, including: - - - -3,267 -9 -3,276 dividend payment - - - -3,276 - -3,276 purchase of own shares for the purposes of the employee incentive program - - - 22 -22 - settlement of the acquisition of an organized part of the enterprise - - - -13 13 - Closing balance of equity 130 956 -1,938 22,149 -9 21,288 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 48 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 53
H1 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 - 17,107 Total comprehensive income, including: - - 1,595 2,149 - 3,744 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 recognized in 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 - - 1,552 - - 1,552 Other changes in equity, including: - - - -3,265 -6 -3,271 dividend payment - - - -3,276 - -3,276 valuation of employee incentive programs - - - 5 - 5 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 49 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 54
Interim condensed cash flow statement H1 2026 H1 2025 YTD YTD the period the period od 01 Jan 2026 od 01 Jan 2025 do 30 Jun 2026 do 30 Jun 2025 transformed data Net profit 1,910 2,149 Adjustments, including: 30,746 8,970 Share of net profit (loss) of subsidiaries and associates accounted for using the equity method -110 -124 Depreciation and amortisation 137 144 Interest accrued (from the income statement) -4,479 -4,176 Interest paid -1,913 -2,091 Interest received 6,271 6,102 Dividends received -3 -2 Gains (losses) on investing activities 1 - Income tax (from the income statement) 1,168 609 Income tax paid -1,445 -468 Change in provisions 4 -48 Change in loans and other receivables to other banks 1,080 3 Change in financial assets measured at fair value through profit or loss -522 269 Change in hedge derivatives -357 1,904 Change in investment securities 7,515 9,963 Change in transferred assets -5,703 -15,961 Change in loans and other receivables to customers -8,276 -6,522 Change in receivables from reverse repo transactions measured at amortised cost 4,571 -1,517 Change in other assets -110 -69 Change in liabilities to other banks 1,449 -807 Change in liabilities measured at fair value through profit or loss 98 -548 Change in liabilities to customers 25,088 5,739 Change in liabilities from repo transactions measured at amortised cost 6,096 16,307 Change in subordinated liabilities 42 -12 Change in other liabilities 144 275 Net cash flows from operating activities 32,656 11,119 H1 2026 H1 2025 YTD YTD the period the period od 01 Jan 2026 od 01 Jan 2025 do 30 Jun 2026 do 30 Jun 2025 Purchase of property, plant and equipment -95 -26 Purchase of intangible assets -78 -64 Acquisition of shares in subsidiaries and associates -405 - Purchase of debt securities measured at amortised cost -40,303 -13,608 Disposal of debt securities measured at amortised cost 16,059 6,600 Dividends received 29 18 Net cash flows from investing activities -24,793 -7,080 Interest payment on long-term loans -231 -244 Repayment of lease liabilities -48 -47 Purchase of own shares for the purposes of the employee incentive program -8 -6 Dividends paid -3,475 -3,276 Net cash flows from financing activities -3,762 -3,573 Net increase/(decrease) in cash and cash equivalents 4,101 466 of which effect of exchange rate changes on cash and cash equivalents 350 -89 Opening balance of cash and cash equivalents 7,308 8,360 Closing balance of cash and cash equivalents 11,409 8,826 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 50 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 55
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 their acceptance for publication, i.e. from 30 July 2026. 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 acceptance for publication as a result of the Bank’s intentional or forced discontinuation or significant limitation of its existing activity. 1.2. Statement of compliance with the International Financial Reporting Standards These interim condensed separate financial statements of the ING Bank Śląski S.A. for the period from 1 January 2026 to 30 June 2026 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 31 March 2026 as well as in accordance with the Ordinance of Finance Minister of 6 June 2025 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 2025, item 755). 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 2025 to 31 December 2025, which was approved on 16 April 2026 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 the H1 2026. Interim condensed standalone income statement, interim condensed standalone statement of comprehensive income, interim condensed standalone statement of changes in equity and interim condensed standalone cash flow statement for the period from 1 January 2026 to 30 June 2026 and interim condensed standalone statement of financial position as at 30 June 2026, together with comparable data were prepared according to the same principles of accounting for each period. The comparative data presented in the interim condensed statement of financial position and in the interim condensed statement of cash flows have changed compared to the data presented in the financial statements for the previous periods. More information on the introduced presentation changes can be found further in this interim condensed financial statements, in chapter 3. Comparability of financial data. 1.3. Reporting period and comparable data Interim condensed separate financial statements of ING Bank Śląski S.A. covers the period from 1 January 2026 to 30 June 2026 and includes comparative data: • as at 31 December 2025, 30 June 2025 and 1 January 2025 - for the interim condensed statement of financial position, • for the period from 1 January 2025 to 30 June 2025 and from 1 April 2025 to 30 June 2025 - for the interim condensed income statement and interim condensed statement of comprehensive income • for the period from 1 January 2025 to 30 June 2025 - for interim condensed statement of cash flows, • for the period from 1 January 2025 to 31 December 2025 and from 1 January 2025 to 30 June 2025 – for the interim condensed statement of changes in equity. The comparative data presented in the interim condensed statement of financial position and in the interim condensed statement of cash flows have changed compared to the data presented in the financial statements for the previous periods. More information on the introduced presentation changes can be found further in this interim condensed financial statements, in chapter 3. Comparability of financial data. 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 2026. 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 2026. The annual financial statements of the ING Bank Śląski S.A. for the period from 1 January 2025 to 31 December 2025 were approved by the General Meeting on 16 April 2026. Contents 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 standalone financial statements of ING Bank Śląski S.A. 51 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 56
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 2025 annual financial statements of ING Bank Śląski S.A. for the period from 1 January 2025 to 31 December 2025 ) and the standards and interpretations approved by the European Union, applicable to annual periods beginning on or after 1 January 2026, which were presented in the interim condensed consolidated financial statements of the ING Bank Śląski S.A. Group for H1 2026. 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 2025 to 31 December 2025. 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 2026, no significant changes were made to the accounting principles applied by the Bank. The most important estimates that changed in H1 2026 compared to those presented in the annual financial statements of ING Bank Śląski S.A. for the period from 1 January 2025 to 31 December 2025 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 separate financial statements for the period from 1 January 2026 to 30 June 2026, compared to the annual financial statements for the period from 1 January 2025 to 31 December 2025 and to the interim condensed separate financial statements for the period from 1 January 2025 to 30 June 2025, the Bank introduced a change consisting in separating repurchase transactions measured at amortised cost concluded with banks and customers and presenting them in the following new items on the assets and liabilities side of the statement of financial position: • Receivables from reverse repo transactions measured at amortised cost, • Liabilities from repo transactions measured at amortised cost. Until now, these transactions were presented in the following lines, respectively: • Loans and other receivables to other banks, • Loans and other receivables to customers, • Liabilities to other banks, • Liabilities to customers. The change was aimed at recognizing separately assets / liabilities measured at amortised cost and having a stable nature from those that are characterized by high volatility in individual reporting periods. In the Bank’s opinion, the amendments contributed to improving the transparency of the statement of financial position. The changes made did not have an impact on the balance sheet total in the presented periods. Data as at 31 December 2025 and as at 30 June 2025 have been restated in order to achieve comparability. The tables include individual items presented in assets and liabilities of the statement of financial position, in the breakdown and at values presented in the financial statements for previous periods and in the breakdown and at values presented in this interim condensed separate financial statements. Equity did not change and did not require restatement. as at 31 December 2025 in the annual separate financial statements for the period change in the interim condensed separate financial statements for the period from 1 January 2025 od 1 January 2026 to 31 December 2025 do 30 June 2026 (published data) (comparable data) Assets Cash and cash equivalents 7,308 - 7,308 Loans and other receivables to other banks 26,830 -23,101 3,729 Financial assets measured at fair value through profit or loss 2,340 - 2,340 Derivative hedge instruments 73 - 73 Investment securities 65,358 - 65,358 Transferred assets - - - Loans and other receivables to customers 169,625 - 169,625 Receivables from reverse repo transactions measured at amortised cost not applicable 23,101 23,101 Investments in subsidiaries and associates measured by the equity method 2,191 - 2,191 Property, plant and equipment 898 - 898 Intangible assets 506 - 506 Current income tax assets - - - Deferred tax assets 410 - 410 Other assets 145 - 145 Total assets 275,684 - 275,684 Due to the absence of liabilities due to repurchase transactions measured at amortised cost in the statement of financial position as at 31 December 2025, the liabilities in the statement of financial position did not require restatement. Contents 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 standalone financial statements of ING Bank Śląski S.A. 52 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 57
as at 30 June 2025 in the interim condensed separate financial statements for the period change in the interim condensed separate financial statements for the period from 1 January 2025 od 1 January 2026 to 30 June 2025 do 30 June 2026 (published data) (comparable data) Assets Cash and cash equivalents 8,826 - 8,826 Loans and other receivables to other banks 26,525 -22,236 4,289 Financial assets measured at fair value through profit or loss 1,675 - 1,675 Derivative hedge instruments 47 - 47 Investment securities 56,063 - 56,063 Transferred assets 16,431 - 16,431 Loans and other receivables to customers 163,153 -1,100 162,053 Receivables from reverse repo transactions measured at amortised cost not applicable 23,336 23,336 Investments in subsidiaries and associates measured by the equity method 2,077 - 2,077 Property, plant and equipment 922 - 922 Intangible assets 447 - 447 Deferred tax assets 388 - 388 Other assets 152 - 152 Total assets 276,706 - 276,706 as at 30 June 2025 in the interim condensed separate financial statements for the period change in the interim condensed separate financial statements for the period from 1 January 2025 od 1 January 2026 to 30 June 2025 do 30 June 2026 (published data) (comparable data) Liabilities Liabilities to other banks 9,986 - 9,986 Financial liabilities measured at fair value through profit or loss 839 - 839 Derivative hedge instruments 57 - 57 Liabilities to customers 242,044 -16,307 225,737 Liabilities from repo transactions measured at amortised cost not applicable 16,307 16,307 Subordinated liabilities 1,487 - 1,487 Provisions 585 - 585 Current income tax liabilities 453 - 453 Other liabilities 3,675 - 3,675 Total liabilities 259,126 - 259,126 - - Total equity 17,580 - 17,580 - - Total equity and liabilities 276,706 - 276,706 Contents 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 standalone financial statements of ING Bank Śląski S.A. 53 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 58
Changes in the statement of cash flows These changes in the statement of financial position were also reflected in the statement of cash flows. Two new items were added to the cash flows from operating activities, presenting changes in the balance of the corresponding items of the statement of financial position: • Change in receivables from reverse repo transactions measured at amortised cost, • Change in liabilities from repo transactions measured at amortised cost. Data for the period from 1 January 2025 to 30 June 2025 have been restated in order to achieve comparability. The tables contain the amounts of cash flows from operating activities, which have changed compared to those presented in the interim condensed separate financial statements for the period from 1 January 2025 to 30 June 2025. H1 2025 in the interim condensed separate financial statements for the period change in the interim condensed separate financial statements for the period from 1 January 2025 od 1 January 2026 to 30 June 2025 do 30 June 2026 (published data) (comparable data) Operating activities Adjustments, including: 8,970 - 8,970 Change in loans and other receivables to other banks -1,454 1,457 3 Change in loans and other receivables to customers -6,582 60 -6,522 Change in receivables from reverse repo transactions measured at amortised cost not applicable -1,517 -1,517 Change in liabilities to customers 22,046 -16,307 5,739 Change in liabilities from repo transactions measured at amortised cost not applicable 16,307 16,307 Net cash flows from operating activities 11,119 - 11,119 4. Supplementary notes to the interim condensed standalone financial statements 4.1. Loans and other receivables to customers as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Measured at amortised cost 169,409 162,004 154,950 Measured at fair value through other comprehensive income 8,475 7,621 7,103 Total (net) 177,884 169,625 162,053 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 54 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 59
Loans and receivables to customers measured at amortised as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 1 Jan 2025 transformed data transformed data gross impairment for expected credit loss net 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: 170,244 -3,986 166,258 162,574 -3,834 158,740 156,774 -3,915 152,859 150,492 -3,657 146,835 Corporate banking 99,349 -3,239 96,110 94,557 -2,965 91,592 92,392 -3,162 89,230 90,085 -2,798 87,287 loans in the current account 19,965 -348 19,617 18,426 -314 18,112 19,687 -276 19,411 17,724 -219 17,505 term loans 74,646 -2,888 71,758 71,462 -2,649 68,813 68,349 -2,883 65,466 67,790 -2,575 65,215 debt securities (corporate and municipal) 4,738 -3 4,735 4,669 -2 4,667 4,356 -3 4,353 4,571 -4 4,567 Retail banking 70,895 -747 70,148 68,017 -869 67,148 64,382 -753 63,629 60,407 -859 59,548 mortgages 59,188 -145 59,043 56,861 -153 56,708 54,035 -151 53,884 50,435 -160 50,275 loans in the current account 673 -59 614 687 -69 618 676 -58 618 688 -64 624 other loans and advances 11,034 -543 10,491 10,469 -647 9,822 9,671 -544 9,127 9,284 -635 8,649 Other receivables, of which: 3,151 - 3,151 3,264 - 3,264 2,091 - 2,091 2,162 - 2,162 call margin posted 1,994 - 1,994 1,788 - 1,788 981 - 981 759 - 759 other 1,157 - 1,157 1,476 - 1,476 1,110 - 1,110 1,403 - 1,403 Total 173,395 -3,986 169,409 165,838 -3,834 162,004 158,865 -3,915 154,950 152,654 -3,657 148,997 Quality of loan portfolio as at 30.06.2026 31.12.2025 30 Jun 2025 gross impairment for expected credit loss net gross impairment for expected credit loss net gross impairment for expected credit loss net Corporate banking 99,349 -3,239 96,110 94,557 -2,965 91,592 92,392 -3,162 89,230 assets in Stage 1 84,659 -157 84,502 80,340 -126 80,214 78,540 -128 78,412 assets in Stage 2 9,315 -373 8,942 9,307 -355 8,952 8,936 -354 8,582 assets in Stage 3 5,375 -2,709 2,666 4,910 -2,484 2,426 4,916 -2,680 2,236 Retail banking 70,895 -747 70,148 68,017 -869 67,148 64,382 -753 63,629 assets in Stage 1 68,152 -99 68,053 65,041 -107 64,934 60,986 -92 60,894 assets in Stage 2 1,883 -135 1,748 2,024 -159 1,865 2,539 -136 2,403 assets in Stage 3 858 -513 345 949 -603 346 854 -525 329 POCI assets 2 - 2 3 - 3 3 - 3 Total, including: 170,244 -3,986 166,258 162,574 -3,834 158,740 156,774 -3,915 152,859 assets in Stage 1 152,811 -256 152,555 145,381 -233 145,148 139,526 -220 139,306 assets in Stage 2 11,198 -508 10,690 11,331 -514 10,817 11,475 -490 10,985 assets in Stage 3 6,233 -3,222 3,011 5,859 -3,087 2,772 5,770 -3,205 2,565 POCI assets 2 - 2 3 - 3 3 - 3 Bank The Bank identifies POCI financial assets whose balance sheet value as at 30 June 2026 amounted to PLN 2 million (PLN 3 million as at 31 December 2025 and as at 30 June 2025). 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. Contents 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 standalone financial statements of ING Bank Śląski S.A. 55 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 60
4.2. Fair value 4.2.1. Financial assets and liabilities measured at fair value in statement of financial position In 2026, there were no transfers between levels of the valuation hierarchy, as in 2025. The fair value measurement methods adopted as at 30 June 2026 have not changed compared to those used at the end of 2025 (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 2025 to 31 December 2025). The carrying amounts of financial assets and liabilities measured at fair value are presented below, broken down by measurement hierarchy levels. as at 30 Jun 2026 Level 1 Level 2 Level 3 Total Financial assets, including: 38,420 1,056 8,801 48,277 Financial assets held for trading, including: 1,830 1,027 - 2,857 valuation of derivatives - 490 - 490 other financial assets held for trading, including: 1,830 537 - 2,367 debt securities 1,830 - - 1,830 repo transactions - 537 - 537 Financial assets other than those held for trading, measured at fair value through profit or loss, including: - - 7 7 loans are obligatorily measured at fair value through profit or loss - - 6 6 equity instruments - - 1 1 Derivative hedge instruments - 29 - 29 Financial assets measured at fair value through other comprehensive income, including: 32,330 - 319 32,649 debt securities 32,330 - - 32,330 equity instruments - - 319 319 Transferred assets, including: 4,260 - - 4,260 Loans measured at fair value through other comprehensive income - - 8,475 8,475 Financial liabilities, including: 394 628 - 1,022 Financial liabilities held for trading, including: 394 587 - 981 valuation of derivatives - 587 - 587 book short position in trading securities 394 - - 394 Derivative hedge instruments - 41 - 41 as at 31 Dec 2025 Level 1 Level 2 Level 3 Total Financial assets, including: 39,200 1,315 7,928 48,443 Financial assets held for trading, including: 1,090 1,242 - 2,332 valuation of derivatives - 818 - 818 other financial assets held for trading, including: 1,090 424 - 1,514 debt securities 1,090 - - 1,090 repo transactions - 424 - 424 Financial assets other than those held for trading, measured at fair value through profit or loss, including: - - 8 8 loans are obligatorily measured at fair value through profit or loss - - 7 7 equity instruments - - 1 1 Derivative hedge instruments - 73 - 73 Financial assets measured at fair value through other comprehensive income, including: 38,110 - 299 38,409 debt securities 38,110 - - 38,110 equity instruments - - 299 299 Loans measured at fair value through other comprehensive income - - 7,621 7,621 Financial liabilities, including: 418 575 - 993 Financial liabilities held for trading, including: 418 498 - 916 valuation of derivatives - 498 - 498 book short position in trading securities 418 - - 418 Derivative hedge instruments - 77 - 77 Contents 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 standalone financial statements of ING Bank Śląski S.A. 56 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 61
Movements in financial assets classified to the level 3 of measurement In H1 2026, the change in the valuation of equity instruments classified to level 3 included in other comprehensive income amounted to PLN 20 million (compared to PLN 47 million in H1 2025). The impact of the valuation of loans classified under level 3 of the measurement was in H1 2026: • for loans measured at fair value through other comprehensive income: PLN -9 million (compared to PLN 33 million in H1 2025) 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 2025). H1 2026 H1 2025 the period from 01 Jan 2026 to 30 Jun 2026 the period from 01 Jan 2025 to 30 Jun 2025 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 profit or loss equity instruments measured at fair value through other comprehensive income loans measured at fair value through other comprehensive income Opening balance 7 1 299 7,621 21 1 254 6,459 Additions, including: - - 20 1,305 - - 47 1,127 loans granted during the period - - - 1,295 - - - 1,079 valuation recognised in accumulated other comprehensive income - - 20 10 - - 47 48 Reductions, including: -1 - - -451 -10 - - -483 loan repayments -1 - - -84 -10 - - -140 sale to ING Bank Hipoteczny S.A. -367 - - - -343 Closing balance 6 1 319 8,475 11 1 301 7,103 Contents 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 standalone financial statements of ING Bank Śląski S.A. 57 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 62
4.2.2. Financial assets and liabilities which are not presented 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 2026 have not changed compared to those used at the end of 2025 ((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 2025 to 31 December 2025). In 2026, there were no transfers between levels of the valuation hierarchy, as in 2025. as at 30 Jun 2026 Carrying amount Fair value Level 1 Level 2 Level 3 Total Investment securities at amortised cost 49,832 38,624 10,943 - 49,567 Transferred assets 1,544 1,526 - - 1,526 Loans and receivables to customers at amortised cost, including: 169,409 - - 170,295 170,295 Corporate banking segment, including: 96,110 - - 96,895 96,895 loans and advances (in the current account and term ones) 91,375 - - 92,296 92,296 corporate and municipal debt securities 4,735 - - 4,599 4,599 Retail banking segment, including: 70,148 - - 70,249 70,249 mortgages 59,043 - - 59,093 59,093 other loans and advances 11,105 - - 11,156 11,156 Other receivables 3,151 - - 3,151 3,151 Receivables from reverse repo transactions measured at amortised cost 18,526 - 18,526 - 18,526 Liabilities to customers 260,547 - - 260,543 260,543 Liabilities from repo transactions measured at amortised cost 6,097 - 6,097 - 6,097 Subordinated liabilities 2,590 - - 2,650 2,650 as at 31 Dec 2025 Carrying amount Fair value Level 1 Level 2 Level 3 Total Investment securities at amortised cost 26,949 24,534 1,942 - 26,476 Loans and receivables to customers at amortised cost, including: 162,004 - - 162,953 162,953 Corporate banking segment, including: 91,592 - - 92,173 92,173 loans and advances (in the current account and term ones) 86,925 - - 87,644 87,644 corporate and municipal debt securities 4,667 - - 4,529 4,529 Retail banking segment, including: 67,148 - - 67,516 67,516 mortgages 56,708 - - 56,775 56,775 other loans and advances 10,440 - - 10,741 10,741 Other receivables 3,264 - - 3,264 3,264 Receivables from reverse repo transactions measured at amortised cost 23,101 - 23,101 - 23,101 Liabilities to customers 235,412 - - 235,415 235,415 Subordinated liabilities 2,548 - - 2,634 2,634 Contents 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 standalone financial statements of ING Bank Śląski S.A. 58 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 63
5. Capital adequacy 5.1. Total capital ratio as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Own funds 20,681 20,521 19,384 Total capital requirements 9,719 9,520 8,959 Total capital ratio (TCR) 17.02% 17.24% 17.31% Tier 1 ratio (T1) 15.40% 16.37% 16.25% On 16 April 2026 the Ordinary General Meeting of the Bank approved the distribution of the profit for 2025. The inclusion of the net profit earned in 2025 31 December 2025 in own funds as at 2025 resulted in an increase in the Bank’s TCR and Tier 1 ratios to 17.24% and 16.37%, respectively, as presented in the table. According to the values presented in the Bank’s annual financial statements for the period from 1 January 2025 to 31 December 2025, the Bank’s TCR and Tier 1 ratios as at 31 December 2025 were 16.35% and 15.47%. 5.2. MREL requirements The most important information regarding MREL requirements is described in the interim condensed consolidated financial statements in point 11.1.4. MREL requirements. 5.3. Dividend payment Information on the dividends payment is presented in the interim condensed consolidated financial statements in point 11.1.5. Dividend payment. 6. Off-balance sheet items as at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Contingent liabilities granted 66,667 64,548 58,452 Contingent liabilities received 24,285 27,346 25,348 Off-balance sheet financial instruments 1,744,714 1,630,152 1,584,503 Total 1,835,666 1,722,046 1,668,303 7. Significant events in H1 2026 Significant events that occurred in the H1 2026 are described in the interim condensed consolidated financial statements in point 2. Significant events in H1 2026. 8. Significant events after balance sheet date None. 9. 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 10. Transactions with related parties. In addition, in H1 2026, the Bank conducted one transaction of selling to ING Bank Hipoteczny S.A. (a subsidiary) receivables from the mortgage loan portfolio in the amount of PLN 379 million. As at 30 June 2026, the receivables from ING Bank Hipoteczny S.A. regarding the deferred payment on account of the sale transaction amounted to PLN 37 million and were recognised in the item Loans and other receivables granted to other banks. In 2025, the Bank carried out three receivables sales transactions to ING Bank Hipoteczny S.A. in the total amount of PLN 1,060 million. The purchase price was determined at the market value level each time. 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 Bank and its related entities. Contents 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 standalone financial statements of ING Bank Śląski S.A. 59 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 64
ING Bank N.V. other ING Group entities subsidiaries associates ING Bank N.V. other ING Group entities subsidiaries associates H1 2026 H1 2025 the period from 01 Jan 2026 to 30 Jun 2026 the period from 01 Jan 2025 to 30 Jun 2025 Income and expenses Income, including: -97 16 333 22 -440 1 425 34 net interest and commission income -60 5 341 22 15 3 433 34 net income on financial instruments -37 11 - - -455 -2 - - net income on the sale of financial assets measured at fair value through other comprehensive income - - -9 - - - -9 - net (loss)/income on other basic activities - - 1 - - - 1 - General and administrative expenses -205 -26 -8 - -191 -27 -5 - as at 30 Jun 2026 as at 31 Dec 2025 Receivables, including: 16,144 17 15,072 - 23,215 3 15,166 - Nostro accounts 60 9 - - 42 2 - - Loans granted - - 14,721 - - - 15,149 - Positive valuation of derivatives 84 8 - - 72 - - - Reverse repo transactions 15,999 - - - 23,098 - - - Other claims 1 - 351 - 3 1 17 - Liabilities, including: 14,090 385 1,024 - 12,185 470 430 57 Deposits received 2,142 217 670 - 409 280 412 57 Loans received 9,096 - - - 8,949 - - - Subordinated loan 2,590 - - - 2,548 - - - Loro accounts 56 158 3 - 88 178 1 - Negative valuation of derivatives 56 - - - 28 - - - Other liabilities 150 10 351 - 163 12 17 - Off-balance-sheet operations, including: 22,655 993 7,799 - 11,352 455 7,708 - Off-balance sheet liabilities granted 634 485 7,799 - 808 445 7,708 - Off-balance sheet liabilities received 53 11 - - 74 10 - - FX transactions 20,662 - - - 8,999 - - - Forward transactions - 497 - - - - - - IRS - - - - 29 - - - Options 1,306 - - - 1,442 - - - Contents 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 standalone financial statements of ING Bank Śląski S.A. 60 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million
Page 65
SIGNATURES OF THE MANAGEMENT BOARD MEMBERS OF ING BANK ŚLĄSKI S.A. 2026-07-29 Michał Bolesławski President The original Polish document is signed with a qualified electronic signature 2026-07-29 Joanna Erdman Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Marcin Giżycki Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Bożena Graczyk Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Marcin Kościński Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Maciej Ogórkiewicz Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Wojciech Sieńczyk Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Agnieszka Wolska Vice-President The original Polish document is signed with a qualified electronic signature 2026-07-29 Alicja Żyła Vice-President The original Polish document is signed with a qualified electronic signature SIGNATURE OF THE PERSON RESPONSIBLE FOR ACCOUNTS 2026-07-29 Jolanta Alvarado Rodriguez Director of the Accounting Department, Chief Accountant of the Bank The original Polish document is signed with a qualified electronic signature Contents 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 standalone financial statements of ING Bank Śląski S.A. 61 ING Bank Śląski S.A. Group Semi-annual consolidated report for H1 2026 Data in PLN million