•
had
an
adequate
level
of
own
funds
to
meet
supervisory
requirements.
In
December
2022,
the
total
capital
ratio
of
the
ING
Bank
Śląski
S.A.
Group
was
15.23%
and
the
Tier
1
capital ratio was 13.70%;
•
had
clearly
defined
duties
and
responsibilities
within
its
organisational
structure
for
the
development
and
implementation
of
ESG
risk
management
mechanisms,
and
developed
and
introduced
new
methods
and
tools
in
this
regard.
The
Bank
had
mechanisms
in
place
to
mitigate
ESG
risk
as
part
of
the
KYC
process
and
mechanisms
to
manage
ESG
risk
as
part
of
its
standard
corporate
client
lending
processes,
as
well
as
in
its operational risk management including reputation risk.
In 2022, ING Bank Śląski S.A. also improved its credit risk management process:
•
on
the
calculation
of
individual
provisions,
taking
into
account
the
principles
set
out
in
Recommendation R, by introducing a monthly calculation cycle,
•
in
the
calculation
of
collective
provisions
by,
inter
alia,
making
changes
to
the
methodology for classifying exposures into stages.
In
addition,
the
Bank’s
internal
control
system
sufficiently
adequately
and
effectively
protects
the
Bank
against
unexpected
events
in
terms
of
granted
financing,
non-financial
risk,
market
risk,
liquidity
or
capital
adequacy.
This
system
covers
all
the
Bank’s
business
units
and
all
three
lines
of
defence.
For
the
purpose
of
compliance
with
legislation,
supervisory
requirements,
internal
regulations
and
market
standards
for
the
identified
weaknesses,
decisive
corrective
actions
were
planned
and
taken.
The
Bank
has
a
formalised
path
for
reporting
the
scale
and
nature
of
identified
irregularities
and
the
status
of
corrective
actions
and
disciplinary
measures
taken.
Corrective
and
disciplinary
actions
are
implemented
in
a
timely
and
effective
manner.
The
independence
of
the
Internal
Audit
Department
System
and
also
the
Centre
of
Expertise
–
is
ensured,
as
well
as
the
adequate
human
resources
necessary
for the effective performance of these units.
In
the
face
of
the
economic
downturn
and
geo-political
and
regulatory
uncertainty,
the
Supervisory
Board
believes
that
the
Bank's
attention
should
continue
to
be
focused
on
measures
that
enhance
capital
security
and
ensure
accessibility
and
competitiveness
in
terms of products and client service quality, such as:
•
adequate
capital
management
to
ensure
secure
credit
growth
as
well
as
to
meet
all
current and future regulatory requirements;
•
further
development
of
the
product
range,
including
sustainable
products
and
electronic service channels;