Presentation of results for 1Q'23
Warsaw, April 26, 2023
Agenda
1. Operating activities
- Credit risk
- Financial results
4. Other issues
2
Operating activities
Another quarter with very good financial results - record levels of revenues and net profit
In 1Q'23 Alior Bank Group revenues amounted to PLN mn 1 330. This is a historic record for Alior Bank.
- interest income PLN mn 1 103 (+28% y/y)
- fees and commissions PLN mn 209 (+9% y/y)
Compared to 1Q'22 revenues increased by PLN mn 236 (+22%).
In 1Q'23 the Bank adjusted provisions for the credit moratoria by PLN mn 11 to a total amount of PLN mn 513 (75% participation by volume).
In 1Q'23 the Bank was additionally charged with a provision for contribution to the Borrower Support Fund for its compulsory restructuring fund amounting to PLN mn 57.5.
Net profit for 1Q'23 was PLN mn 366 and was PLN mn 197 197 (+116%) higher than in 1Q'22. This is a historic record for Alior Bank quarterly profit.
Net profit adjusted for credit moratoria provisions for 1Q'23 was PLN mn 375.
4
* Detailed on slide 38
Total revenues (PLN mn)
+247 mn
1 292 | 1 322 | 1 341 | |||||||||||||||||||||||||
1 200 | 11 | ||||||||||||||||||||||||||
1 093 | |||||||||||||||||||||||||||
525 | |||||||||||||||||||||||||||
1 330 | +236 mn | ||||||||||||||||||||||||||
y/y | |||||||||||||||||||||||||||
767 | |||||||||||||||||||||||||||
1Q 22 | 2Q 22 | 3Q 22 | 4Q 22 | 1Q 23 | |||||||||||||||||||||||
One-offs* | Total income (PLN M) | ||||||||||||||||||||||||||
Net profit (PLN mn) | |||||||||||||||||||||||||||
+179 mn | |||||||||||||||||||||||||||
431 | |||||||||||||||||||||||||||
375 | 369 | 375 | |||||||||||||||||||||||||
9 | |||||||||||||||||||||||||||
8 | |||||||||||||||||||||||||||
196 | 158 | ||||||||||||||||||||||||||
494 | +197 mn | ||||||||||||||||||||||||||
27 | 360 | 366 | y/y | ||||||||||||||||||||||||
216 | |||||||||||||||||||||||||||
169 | |||||||||||||||||||||||||||
-63 | |||||||||||||||||||||||||||
1Q 22 | 2Q 22 | 3Q 22 | 4Q 22 | 1Q 23 | |||||||||||||||||||||||
One-offs* | Net Income | ||||||||||||||||||||||||||
A successful quarter for Alior Bank - noticeable improvement in efficiency, profitability and portfolio quality
Assets (PLN bn)
-0.4%
84,6 | 84,3 |
Gross Loans (PLN bn)
-1.7%
63,4
62,3
Gross Performing Loans* (PLN bn)
0.0%
56,2 | 56,1 |
1Q 22 | 1Q 23 |
1Q 22 | 1Q 23 |
1Q 22 | 1Q 23 |
NIM 1Q'23C/I 1Q'23TCR 1Q'23
5.81% | 38.1% | 15.36% | ||||
+1.23 p.p. y/y | -7.0 p.p. y/y | +0.80 p.p. y/y | ||||
COR 1Q'23 | ROE 1Q'23 | NPL 1Q'23 | ||||
1.61% | 22.7% | 9.80% | ||||
+0.28 p.p. y/y | +10.8 p.p. y/y | -1.51 p.p. y/y |
5 | * Volume of gross loans classified to stages 1 and 2 |