Nov 19, 2025 (MarketLine via COMTEX) --
ING Bank AslA...ski, a Polish subsidiary of Dutch lender ING, has agreed to acquire the remaining 55% stake in Goldman Sachs TFI to become the sole owner.
The bank already owns a 45% stake in the Polish asset management unit since 2019 through its subsidiary ING Investment Holding.
Under the sale purchase agreement, the 55% stake in Goldman Sachs TFI is valued at 396m zlotys ($108m).
Goldman Sachs TFI manages open mutual funds across various asset classes and dedicated asset management portfolios, serving over 736,000 clients.
The company holds a market share of around 12% in Poland, ranking second in the market for assets under management of capital market mutual funds.
Goldman Sachs Asset Management became the majority shareholder with 55% ownership in 2022, following its acquisition of NN Investment Partners.
The transaction, involving assets under management worth up to 48bn zlotys ($13bn), is expected to reduce ING Bank SlaskiaEUR(TM)s consolidated total capital ratio and Tier 1 ratio by approximately 34 basis points.
ING Bank Slaski CEO Michal Boleslawski said: aEURoeAs we observe both the growing affluence of Polish customers and important demographic shifts, we see that customers are more often looking for alternatives to traditional saving products.
aEURoeWe want to meet their needs in a simple, digital and safe way. We are placing increasing emphasis on Private Banking and investment solutions.
aEURoeTaking over full control of Goldman Sachs TFI further reinforces our position in the investment and retirement markets. Under the ING brand, we want to offer clients a comprehensive range of solutions aEUR" from deposits to investment products.aEUR
ING said that the transaction will have a minimal impact on ING GroupaEUR(TM)s CET1 ratio.
The transaction is anticipated to close in the first half of 2026, upon receiving customary regulatory approvals.
ING Bank Slaski serves over five million retail and corporate clients through its digital channels and nationwide branch network.
ING Group holds 75% of the bankaEUR(TM)s shares, with the remaining 25% held by minority shareholders via its listing on the Warsaw Stock Exchange.
ING Group retail banking global head banking management board member Pinar Abay said: aEURoeThis transaction underscores our ambition to accelerate growth, increase impact and deliver value.
aEURoeWithin our Growing the Difference strategy, we take this opportunity to improve our product offering in this important market and further diversify our income.aEUR
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