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ING Bank Slaski SA (INGP.WA)

INGP.WA on Warsaw Stock Exchange

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Latest Key Developments (Source: Significant Developments)

PGNiG Plans To Obtain Up To 10 Bln Zlotys Revolving Loan
Monday, 20 May 2019 

May 21 (Reuters) - PGNiG SA ::SAID ON MONDAY IT HAS RESOLVED TO CONCLUDE TERMSHEET WITH A CONSORTIUM OF NINE BANKS: BANK GOSPODARSTWA KRAJOWEGO, BANK POLSKA KASA OPIEKI SA, BNP PARIBAS, BANK POLSKA SA, CAIXA BANK SA ODDZIAL W POLSCE, ING BANK SLĄSKI SA, INTESA SANPAOLO SPA ODDZIAL W POLSCE, POWSZECHNA KASA OSZCZĘDNOSCI BANK POLSKI, SANTANDER BANK POLSKA AND SOCIETE GENERALE .SAID TERMSHEET SPECIFIES THE TERMS OF GRANTING COMPANY REVOLVING LOAN OF UP TO 10 BILLION ZLOTYS WITHIN 5 YEARS OF CONCLUDING A BINDING AGREEMENT WITH THE CONSORTIUM .TERMSHHET DOCUMENT DOES NOT CREATE ANY FINANCIAL OBLIGATIONS ON THE PART OF THE COMPANY.COMPANY PLANS TO USE THE OBTAINED FUNDING UNDER LOAN ON FINANCING CURRENT OPERATIONS AND CAPITAL EXPENDITURES OF THE COMPANY AND ITS GROUP.  Full Article

Libet Signs Agreement On Temporary Non-Performance Of Claims
Friday, 1 Mar 2019 

March 3 (Reuters) - Libet SA ::SAID ON FRIDAY THAT ON DEC. 20, 2018 IT SIGNED AGREEMENT WITH ING BANK SLASKI, MBANK, PKO BP BANK, SANTANDER BANK POLSKA AND SGB BANK.UNDER AGREEMENT BANKS HAVE UNDERTAKEN NOT TO TERMINATE FINANCING CONTRACTS, NOT TO CLAIM ANY LIABILITIES OR ANY PAYMENTS RELATED TO THESE LIABILITIES AS WELL AS NOT TO TAKE ANY ACTIONS AIMING DIRECTLY OR INDIRECTLY AT ENFORCING THESE CLAIMS .SIGNING THE AGREEMENT WAS ONE OF ACTIONS WITHIN REVIEW OF STRATEGIC OPTIONS .  Full Article

ING Bank Slaski Updates Dividend Policy
Friday, 1 Mar 2019 

March 1 (Reuters) - ING Bank Slaski SA ::SAYS THAT ITS SUPERVISORY BOARD HAS APPROVED THE BANK'S UPDATED DIVIDEND POLICY TO THE STANCE OF THE POLISH FINANCIAL SUPERVISION AUTHORITY (PFSA) IN THAT THE SPECIFICATION OF MINIMUM CAPITAL RATIOS (COMMON EQUITY TIER 1, TIER 1 RATIO AND TOTAL CAPITAL RATIO) WAS WAIVED FOR THE REGULATORY FORMULA DUE TO THE VOLATILE SYSTEMIC RISK BUFFER AND COUNTERCYCLICAL CAPITAL BUFFER.SAYS THE POLICY PROVISIONS HAVE BEEN APPENDED WITH THE CONDITION CONCERNING THE BANK'S SENSITIVITY TO AN ADVERSE MACROECONOMIC SCENARIO.SAYS THE BANK ENDORSES A LONG-TERM STABLE PROCESS OF DIVIDEND PAYOUT IN ADHERENCE TO THE RULES OF PRUDENT MANAGEMENT AND ANY AND ALL REGULATORY REQUIREMENTS WHICH THE BANK SHALL COMPLY WITH.SAYS THE DIVIDEND POLICY ENDORSES THE OPTION TO PAY DIVIDEND FROM THE CAPITAL SURPLUS OVER THE MINIMUM CAPITAL ADEQUACY RATIOS AND OVER THE MINIMUM CAPITAL RATIOS SET FOR THE BANK BY THE PFSA FOR DIVIDEND PAYOUT PURPOSES.  Full Article

KNF Agrees To Include EUR 100 Mln Loan To ING Bank Slaski's Tier II Capital
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - ING Bank Slaski SA ::SAYS POLAND'S FINANCIAL REGULATOR KNF AGREES TO INCLUDE EUR 100 MILLION LOAN TO BANK'S TIER II CAPITAL.  Full Article

ING Bank Slaski's Mortgage Bank Given Regulator's Nod To Start Operations
Wednesday, 2 Jan 2019 

Jan 2 (Reuters) - ING BANK SLASKI SA ::POLISH FINANCIAL REGULATOR KNF APPROVES ING BANK SLASKI'S NEW MORTGAGE BANK, ING BANK HIPOTECZNY SA, TO LAUNCH OPERATIONS.IN JAN 2018 THE BANK GOT KNF'S APPROVAL TO SET UP A MORTGAGE BANK nL8N1PB3WV.  Full Article

ING Bank Slaski To Buy 45% Shares In NN TFI For 177.2 Mln Zlotys
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - ING Bank Slaski SA ::SAYS ITS UNIT SIGNS PRELIM DEAL TO BUY 45% SHARES IN NN INVESTMENT PARTNERS TFI (NN TFI) FROM NN INVESTMENT PARTNERS INTERNATIONAL HOLDINGS BV.SAYS PRICE FOR 45% NN TFI SHARES IS SET AT 177.2 MILLION ZLOTYS.SAYS PRICE WILL BE INCREASED BY INTEREST OF 2.5% ANNUALLY FROM JAN 1, 2018 TO DATE OF CLOSING THE DEAL.SAYS EXPECTS TO CLOSE THE DEAL IN Q2 2019.SAYS ESTIMATED IMPACT ON CONSOLIDATED TCR AND TIER 1 RATIO IS AT CA. IS 15BPS.  Full Article

Polenergia: Unit Embarks On 2019-2022 Investment Plan
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Polenergia SA ::ITS UNIT, POLENERGIA DYSTRYBUCJA SP. Z O. O., TO EMBARK ON 2019-2022 INVESTMENT PLAN, AFTER IT HAS RECEIVED REQUIRED CORPORATE APPROVALS AND FUNDING.50.7 MILLION ZLOTY INVESTMENT PLAN REGARDS INVESTMENTS IN ELECTRICAL POWER INFRASTRUCTURE TO SUPPLY NEW FACILITIES AND CUSTOMERS, MAINLY HOUSING ESTATES.PART OF IT TO BE FINANCED FROM OWN FUNDS AND 33.7 MILLION ZLOTYS THROUGH LOAN RECEIVED FROM ING BANK SLASKI SA <<>> ON NOV. 21.FINAL REPAYMENT OF THE LOAN IS DUE IN NOV 2027.  Full Article

Wirtualna Polska Gets Additional 100 Mln Zloty Funding For Investments, Acquisitions
Monday, 29 Oct 2018 

Oct 30 (Reuters) - WIRTUALNA POLSKA HOLDING SA ::SAID ON MONDAY IT HAS SIGNED AN AGREEMENT CHANGING PREVIOUS LOAN AGREEMENTS FROM DEC. 2017 TO OBTAIN ADDITIONAL FINANCING FOR INVESTMENTS AND ACQUISITIONS.UNDER THE AGREEMENT CHANGING PREVIOUS LOANS TERMS, THE CAPEX TRANCHE HAS BEEN INCREASED BY 100 MLN ZLOTYS.LOAN AGREEMENTS ARE SIGNED WITH MBANK SA <<>>, PKO BP <<>> AND ING BANK SA <<>>.  Full Article

Best Unit Signs Annex To Loan Agreement With ING Bank Slaski
Friday, 5 Oct 2018 

Oct 5 (Reuters) - BEST SA ::UNIT, BEST II NSFIZ, SIGNS ANNEX TO LOAN AGREEMENT WITH ING BANK SLASKI SA <<>>; BEST IV NSFIZ ALSO JOINED THE PARTIES IN THE AGREEMENT.MAX VALUE OF LOAN HAS BEEN INCREASED TO 250 MILLION ZLOTYS FROM 50 MILLION ZLOTYS.LOAN CAN BE USED TO REFINANCE ACQUIRED DEBT PORTFOLIOS AND ACQUIRE NEW DEBT PORTFOLIOS.  Full Article

Inteliwise In Consortium Signs Deal With ING Bank Slaski
Tuesday, 24 Jul 2018 

July 25 (Reuters) - INTELIWISE SA ::SAID ON TUESDAY THAT IN CONSORTIUM WITH CENTRUM INFORMATYKI ZETO SA IT SIGNED DEAL WITH ING BANK SLASKI SA <<>> FOR IMPLEMENTATION OF SOFTWARE AND CONSULTING SERVICES.VALUE OF THE DEAL EXCEEDS 15 PERCENT OF CO'S OWN FUNDS AS PER FY 2017 FINANCIAL REPORT.  Full Article

BRIEF-Krynica Vitamin Gets 5.35 Mln Zloty Investment Loan From ING Bank Slaski

* SAID ON MONDAY IT SIGNED INVESTMENT LOAN AGREEMENT WITH ING BANK SLASKI FOR 5.35 MILLION ZLOTYS