• About Alior Bank
  • Investor Relations
Alior Bank
Login Menu
  • Changes in the Management Board of Alior Bank
  • The services offered by Alior Bank’s online banking platform, call center and branches will not be available between 24th and 26th October
  • Alior Bank’s Branch registered as a bank in Romania
  • Alior Bank’s 2015 Financial Results: Solid growth in line with expectations
  • Merger of Meritum Bank with Alior Bank Is Successfully Completed
  • Alior Bank signs an agreement to acquire the core business of Bank BPH
  • Alior Bank announces PLN 2.2bn underwritten rights issue
  • Alior Bank shareholders approve rights issue
  • Alior Bank’s Q1 2016 Results
  • Alior Bank launches underwritten rights issue
  • Subscriptions for Alior Bank shares start on Wednesday, 25 May 2016
  • Successful PLN 2.2 billion share issue by Alior Bank
  • Alior Bank with support of PZU successfully carried out PLN 2.2 billion share issue. Foreign investors bought over PLN 660 million worth of Alior Bank shares.
  • Alior Bank announces tender offer for shares in Bank BPH
  • Main regulatory approvals for acquisition of Core Bank BPH by Alior Bank obtained
  • Subscriptions for the sale of Bank BPH shares in a tender offer
  • Alior Bank launches squeeze out of Bank BPH minority shareholders
  • Android Pay™ Payments Now Available to Alior Bank Clients!
  • “Digital Disruptor”: Alior Bank’s Strategy 2017-2020
  • Alior Bank’s Supervisory Board Appoints New Management Board Members
  • Alior Bank Accelerates the Implementation of the Digital Disruptor Strategy
  • Alior Bank’s Q3 2017 Financial Results
  • Innovation Taken to a New Level: Alior Bank to Launch Fintech Accelerator
  • A Break-through Year for the Digital Disruptor: Alior Bank Records Growth Beyond Strategic Targets
  • Alior Bank’s Financial Results Exceed Market Consensus
  • Alior Bank teams up with Startups
  • Krzysztof Bachta appointed as a new vice-CEO of Alior Bank
  • Alior Bank’s Solid Results in Q3 2018. Net Profit in Line with Consensus
  • Alior Leasing securitises its receivables portfolio
Back
  • May 10, 2018

Alior Bank’s Financial Results Exceed Market Consensus

New loan production driven by strong organic growth largely exceeded the annual target in 2017 (PLN 6.9 billion v. PLN 5-6 billion) and Alior Bank moved from the ninth rank to being the eighth largest bank in Poland as measured by total assets.

“Q1 2018 was a period of focused efforts in attainment of strategic goals including the launch of the BANCOVO platform,” said Filip Gorczyca, Alior Bank’s Vice-President and CFO. “Our fast-growing financial results, which once again exceed the market consensus, corroborate the Bank’s increasingly solid market, capital, and liquidity position. This demonstrates that we are steadily building the Bank’s shareholder value,” said Mr Gorczyca.

Alior Bank’s total operating revenue stood at PLN 980 million in Q1 2018, an increase of 13 percent year on year. Driven by the rising volumes of loans and advances, the net interest income rose by 11 percent to PLN 731 million.

Alior Bank Group’s consolidated financial results

The Bank maintained a high growth rate of gross loan volumes at PLN 1.4 billion in Q1 2018, which is in line with the annual sales guidance of PLN 5.5-6.5 billion. Alior Bank reported particularly high growth in the micro-firm segment and leasing, where sales increased by 29 percent and 14 percent quarter on quarter, respectively.

Customer deposits stood at PLN 59 billion at the end of Q1 2018 (an increase of 17 percent year on year) and the loan-to-deposit ratio was 87.4 percent. As a result, Alior Bank’s liquidity improved sharply as its LCR grew from 87% to 130% in the last three quarters. This was possible thanks to successful marketing campaigns aimed at the acquisition of customers in the bank’s strategic behavioural segments.

Alior Bank is steadily improving its cost efficiency. The cost/income ratio (C/I) was 46.8 percent at the end of Q1 2018 (down by 10 percentage points year on year), bringing the Bank close to its strategic target of 39 percent.

In Q1 2018, the Bank generated a return on equity (ROE) of 11.5 percent. As a result, ROE more than doubled year on year. The net interest margin (NIM) was 4.5 percent, which was close to the annual guidance of 4.6 percent in 2018.

Alior Bank is steadily improving its capital position, as well. TCR was 15.5 percent and the Tier 1 ratio was 12.2 percent as at the end of Q1 2018. The cost of risk (CoR) was lower than the original target and stood at 1.8 percent, close to the 2018 guidance. The Bank continues to improve customer service standards by investing in new digital solutions developed in accordance with the innovation methodology AGILOR. In early March, the Bank launched BANCOVO, the online credit platform that integrates the offering of banks and lenders. In the retail client segment, the digital channel generates growing sales. Sales of current accounts increased by 33 percent and loans by 22 percent year on year. The entire credit process is now available online.

In the business client segment, the bank has implemented a range of solutions to automate processes and speed up credit decision-making. For instance, Dronn is based on AI technology and supports the acquisition of micro-firms by contacting them by phone soon after the business is registered (180 companies were so acquired during the pilot). The Bank is developing its digital platform for businesses zafirmowani.pl and allows users of online accounting services to generate tax reporting files JPK.

The Bank released an upgrade of the new electronic (online and mobile) banking systems in mid-Q1 2018 and is planning further enhancements. As a result, the proportion of clients who are active in the mobile channel increased by 21 percent. The Bank has launched the application mobRATY which offers loans available on mobile devices. Close to 3.7k loans were sold through the application in Q1.
  • Udostępnij
  • Drukuj
Get Alior Mobile
Branches and ATMs Alior Bank's news Contact
  1. Alior Bank - Home - English version
  2. Alior Bank's news
  3. Alior Bank’s Financial Results Exceed Market Consensus

Get Alior Mobile

Pobierz aplikację „Alior Mobile” na iOS-a Pobierz aplikację „Alior Mobile” na Androida Pobierz aplikację „Alior Mobile” z App Gallery
Info 12 370 70 00

connection cost according to operator's tariff

wersja: EN | PL

© 2021 Alior Bank SA | By using Alior Bank website you accept the website regulations and Cookie Policy.