Alior Bank S.A.
Presentation of results for 3Q 2022
Warsaw, 4 November 2022
Agenda
1. Operating activities
- Financial results
- Credit risk
4. Other issues
2
Operating activities
Very good results of Alior Bank disfigured by one-off events
In 3Q 22, the revenues generated by the Alior Bank Group
amounted to PLN 767 million. Compared to 3Q 21, the reported revenues decreased by PLN 152 million (-17 %)
- interest income amounted to PLN 587 million (-17% y/y)
- fee income amounted to PLN 202 million (+6% y/y)
In 3Q 22, the revenues generated by the Alior Bank Group were encumbered with the additional cost of credit holidays (PLN 502 million), as well as by the provision for the reimbursement for the additional margin on mortgage loans (PLN 23 million). Adjusted revenues increased y/y by PLN 373 million (+41%) and amounted to almost PLN 1.3 billion - the highest revenues in its entire history.
Total revenues (PLN M)
+373 PLN M | ||||
+41% | 1 292 | |||
1 093 | 1 200 | |||
918 | 935 | 525 | ||
767 | -17% y/y | ||||||
-152 PLN M y/y | |||||||
3Q 21 | 4Q 21 | 1Q 22 | 2Q 22 | 3Q 22 | |||
One-offs | Total income (PLN | M) | |||||
Net profit (PLN M)
+281 PLN M
(+187%)
431
In 3Q 22, the net result achieved the Alior Bank Group amounted to PLN -63 million. The reported net loss was caused by number
of one-off events which reduced the net result
by a total of PLN 494 million. Adjusted net profit of the Alior Bank
Group in 3Q 22 amounted to approximately PLN 431 million.
4
376 | |||||||||||||||||||
196 | 158 | ||||||||||||||||||
150 | 125 | 494 | |||||||||||||||||
27 | |||||||||||||||||||
25 | 169 | 216 | |||||||||||||||||
150 | |||||||||||||||||||
100 | |||||||||||||||||||
-63 | -213 PLN M y/y | ||||||||||||||||||
3Q 21 | 4Q 21 | 1Q 22 | 2Q 22 | 3Q 22 | |||||||||||||||
One-offs | Net Income | ||||||||||||||||||
Stable growth of the Bank, profitability under the pressure of one-off events
Assets (PLN bn) | Gross Loans (PLN bn) | Deposits volume* (PLN bn) | ||||
+7,5% | +0,4% | +8,1% | ||||
84,1 | 63,4 | 63,7 | 72,4 | |||
78,2
67,0
3Q 21 | 3Q 22 | 3Q 21 | 3Q 22 | 3Q 21 | 3Q 22 |
C/I 3Q 22ROE 3Q 22NIM 3Q 22TCR 3Q 22
59.5% | -4.6% | 3.07% | 13.70% | |||
+16.9 p.p. y/y | -13.7 p.p. y/y | -0.69 p.p. y/y | -1.60 p.p. y/y | |||
C/I 3Q 22 | ROE 3Q 22 | NIM 3Q 22 | CoR 3Q 22 | |||
(adj.)** | (adj.)*** | (adj.)**** | ||||
31.0% | 30.0% | 5.81% | 1.64% | |||
-12.9 p.p. y/y | +20.9 p.p. y/y | +2.04 p.p. y/y | +0.06 p.p. y/y |
* Liabilities towards customers
5 ** Ratio calculated with an assumption of linear distribution of the contribution to the BFG resoluton fund and lack of one-off events affecting level of income and general administrative costs in 3Q22
- Ratio calculated with an assumption of lack of one-off events decreasing net profit of 494 PLN M
- Ratio calculated with an assumption of lack of influence of credit moratoria and provision for retur of additional margin related with mortgage loans
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