April 23, 2018 1:57 PM ET


Company Overview of Alior Bank S.A.

Company Overview

Alior Bank S.A. provides banking products and services to individual and business customers in Poland. It operates through Retail, Corporate, and Treasury Activity segments. The company offers savings, personal, current, and auxiliary accounts, as well as term deposits; and cash, housing, car, working capital, and investment loans, as well as overdraft facilities and credit cards. It also provides brokerage products, investment funds, transaction services, and treasury products; and bancassurance and foreign currency products, as well as consulting and financial agency services. As of December 31, 2016, the company had 286 branches and 495 partner outlets, as well as a network of approximate...

ul. Lopuszanska 38 D

Warsaw,  02-232


Founded in 2008

8,110 Employees


48 22 555 2222


48 22 555 2323

Key Executives for Alior Bank S.A.

Acting CEO & Member of Management Board
Total Annual Compensation: 1.6M
Compensation as of Fiscal Year 2016.

Alior Bank S.A. Key Developments

Alior Bank Announces Board Changes

Alior Bank added three new members to its management board, bank insiders Agata Strzelecka, Mateusz Poznanski and Maciej Surdyk, after two board members, Urszula Krzyzanowska-Piekos and Celina Waleskiewicz, tendered their resignations. Strzelecka has worked at Alior since 2008, most recently as head of operations; Surdyk has been at the bank since 2013 and was recently head of corporate banking development; Poznanski was recently responsible for product offer for retail clients and business consumer finance.

Alior Bank S.A. Announces Management and Board Changes

Alior Bank tapped deputy CEO Katarzyna Sulkowska to take the top seat, pending the approval of regulator KNF, following the resignation of acting CEO Michal Chyczewski. Under the new management, Alior will continue works on implementing its strategy 'in particular strengthening the bank's position in the segment of micro- and small enterprises, raising the number of clients with main banking relationship in the area of retail clients as well as implementing own methodology for IT resources management (AGILOR) and Alior Bank's Innovation Management Model in order to strengthen competitive advantage based on technology'. Alior also appointed Marcin Jaszczuk, a veteran of Alior parent group PZU, to the management board.

Alior Bank Reports Consolidated Earnings Results for the Fourth Quarter and Full Year of 2017; Reports Impairments for the Fourth Quarter of 2017; Provides Earnings Guidance for the Year 2018

Alior Bank reported consolidated earnings results for the fourth quarter and full year of 2017. For the quarter, the company's attributable net profit was PLN 143.1 million and net interest was PLN 736.9 million. For the year 2017, the company reported net interest income was PLN 2,841,068,000 against PLN 1,946,049,000 a year ago. Net other operating income and expenses were PLN 42,354,000 against PLN 61,019,000 a year ago. Net profit attributable to equity holders of the parent was PLN 515,241,000 or PLN 3.91 per diluted share against PLN 575,227,000 or PLN 5.49 per diluted share a year ago. Net cash used in operating activities was PLN 576,220,000 against PLN 2,225,587,000 a year ago. Purchase of property, plant and equipment were PLN 107,849,000 against PLN 319,167,000 a year ago. Purchase of intangible assets was PLN 102,199,000 against PLN 154,688,000 a year ago. ROE to the level of 11.1%, if the company includes this data into the results for 2017. The company also announced impairment for the fourth quarter of 2017. For the quarter, the company reported impairments of PLN 250 million. For the year 2018, the company targets the same level of net interest margin. The company will improve significantly throughout 2018 on cost income. But even looking in 2018 in isolation, it is quite clear that the effective tax rate is a bit high.

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