ING Poland expects negative impact third quarter 2022

15 July 2022 ... min read Listen

ING Bank Slaski - 75% owned by ING Group - today announced that it will book a material negative impact of approximately EUR 363 mln in the third quarter of 2022.

The negative impact for ING Group after tax is expected to be approximately EUR 210 mln that will be included in the results of the third quarter of 2022.

The impact is a direct effect of new regulations imposed by the Polish government that offers mortgage customers the right to suspend up to eight instalment payments on their mortgage loan.

The aforementioned impact of EUR 363 mln will be fully consolidated into ING Groups pre-tax results in the third quarter of 2022. After corporate tax and the adjustment for non-controlling interest the impact on ING Groups net result will be approximately EUR 210 mln.

For the press release of ING Bank Slaski please see following link: https://en.ing.pl/_fileserver/item/lz3ngav

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