ING today announced that ING Bank Śląski has completed the acquisition of the remaining 55% stake in Goldman Sachs TFI, acquiring 100% ownership in the Polish asset management company. The value of the transaction amounts to PLN 405 million (approximately €95 million at the relevant exchange rate).Goldman Sachs TFI serves over 778,000 clients, managing open mutual funds within various asset classes and dedicated asset management portfolios. With a market share of around 12%, it holds the second position in the Polish market in terms of assets under management of capital market mutual funds. Assets under management in scope of the transaction amount to PLN 56 billion. Following the transaction, Goldman Sachs TFI will change its name to ING TFI.The agreement to acquire the remaining 55% stake from Goldman Sachs was announced on 18 November 2025. ING Bank Śląski held a 45% stake in Goldman Sachs TFI since 2019, via its subsidiary ING Investment Holding. The transaction will reduce ING Bank Śląski’s consolidated total capital ratio and Tier 1 ratio by approximately 32 bps. The transaction has a minimal impact on ING Group’s CET1 ratio.ING Bank Śląski is one of the largest banks in Poland. It serves over five million retail and corporate clients via its digital channels and its nationwide network of branches. As of the end of 2025, customer deposits amounted to PLN 233 billion and customer loans to PLN 181 billion, positioning ING Bank Śląski as the third-largest bank in Poland. The bank is part of ING Group, which holds a 75% stake, with the remaining 25% held by minority shareholders through its listing on the Warsaw Stock Exchange.NoYesAsset Management24 Apr, 2026