Profil:
Alior Bank SAAlior Bank posts PLN 615.1 mln in Q4 2024, above expectations
Listed lender Alior Bank posted a PLN 615.1 million (EUR 148 mln) net profit in the fourth quarter of 2024, up from PLN 586.7 million (EUR 141.2 mln) in the prior year period, the bank's financial report showed. Alior's result was 7 percent higher than the market expectations, as the PAP Biznes consensus was for PLN 576.4 million (EUR 138.7 mln) net take.
Alior's Q4 2024 financial results compared to the PAP Biznes consensus (data in PLN mln):
| Q42024 | consensus | vs consensus | |||
| PLN mln | PAP mln | % | |||
| Net interest | 1 312 | 1335.7 | -1.8% | ||
| Net f&c | 221.1 | 209.1 | 5.8% | ||
| OPEX - total | 585.9 | 572.6 | 2.3% | ||
| Impairments | -99 | -107.2 | -7.7% | ||
| attrib Net Profit | 615.1 | 576.4 | 6.7% | ||
| Q4 2024 | Q42023 | difference y/y | 3Q2024 | difference q/q | |
| PLN mln | PLN mln | % | PLN mln | % | |
| Net interest | 1 312 | 1 289 | 2% | 1 358 | -3% |
| Net f&c | 221 | 250.7 | -12% | 207 | 7% |
| OPEX - total | 586 | 561.6 | 4% | 473 | 24% |
| Impairments | -99 | -75.9 | 30% | -155 | -36% |
| attrib Net Profit | 615 | 587 | 5% | 666 | -8% |
* excluding CHF provisions
Alior's net profit in the fourth quarter of 2024 rose by 5 percent year on year and fell by 8 percent quarter on quarter.
The bank's interest income amounted to PLN 1.312 billion (EUR 315.7 mln), 2 percent below analysts' expectations. Interest income rose by 2 percent year on year and fell by 3 percent quarter on quarter.
Net fee and commission income in the last quarter of 2024 amounted to PLN 221.1 million (EUR 53.2 mln), 6 percent above market expectations. Net fee and commission income fell 12 percent year on year and increased by 7 percent in quarterly terms.
Write-offs (excluding provisions for CHF loans) amounted to PLN 99 million (EUR 23.8 mln), 8 percent lower than the consensus expectations. The market expected write-offs of PLN 107.2 million (EUR 25.8 mln). Write-offs rose 30 percent year on year and fell 36 percent quarter on quarter.
seb/ ao/
