Profil:
Alior Bank SAAlior Bank lender posts PLN 476.3 mln net profit in Q1 2025, below expectations
Listed lender Alior Bank posted PLN 476.3 million (EUR 111.3 mln in the first quarter of 2025, down from PLN 578.1 million (EUR 135.1 mln) in the prior year period, the bank said in its quarterly report. The bank's result turned out to be 5.2 percent below market expectations as PAP Biznes' consensus was for a PLN 502.2 million (EUR 117.67 mln) net take.
BELOW ARE THE ALIOR BANK'Q1 2025 RESULTS VS THE PAP BIZNES CONSENSUS (data in PLN mln):
| 1Q2025 | consensus | difference | ||||
| PLN mln | PAP mln | % | ||||
| Net interest | 1284.8 | 1281.4 | 0.3% | |||
| Net f&c | 209.3 | 218.4 | -4.1% | |||
| OPEX - total | 615.8 | 615.8 | 0,00% | |||
| Impairments | -119.9 | -133 | -9.8% | |||
| attrib Net Profit | 476.3 | 502.2 | -5.2% | |||
| 1Q2025 | 1Q2024 | difference | 4Q2024 | q/q | ||
| PLN mln | PLN mln | % | PLN mln | % | ||
| Net interest | 1 285 | 1 269 | 1% | 1 312 | -2% | |
| Net f&c | 209 | 216 | -3% | 221 | -5% | |
| OPEX - total | 616 | 545 | 13% | 586 | 5% | |
| Impairments | -120 | -111 | 8% | -99 | 21% | |
| attrib Net Profit | 476 | 578 | -18% | 615 | -23% | |
The expectations of six brokerage houses for the bank's profit generated in the first quarter of 2025 ranged from PLN 484 million (EUR 113.4 mln) to PLN 519 million (EUR 121.6 mln).
Alior's net profit fell by 18 percent year on year and by 23 percent quarter on quarter.
The bank's interest income amounted to PLN 1,284.8 million (EUR 301 mln), in line with analysts' expectations of PLN 1,281.4 million (EUR 300.2 mln). Net interest income rose 1 percent year on year and fell by 2 percent quarter on quarter.
Net commission income amounted to PLN 209.3 million (EUR 49 mln), 4 percent below market expectations. Net commission income fell 3 percent year on year and 5 percent quarter on quarter.
Write-offs amounted to PLN 119.9 million (EUR 28 mln), 9.8 percent below consensus of PLN 133 million (EUR 31.16 mln). Write-offs increased 8 percent year on year and 21 percent quarter on quarter.
In the first quarter of 2025, the bank made a provision for the legal risk of mortgages in foreign currencies, which amounted to PLN 15.9 million (EUR 3.7 mln). In the prior year period, this provision amounted to PLN 1.8 million (EUR 421,740).
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