Business
Alior Bank S A : 3Q 2022 Results Presentation
Alior Bank S A : 3Q 2022 Results
About this update from Alior Bank Sa
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 22 ROE 3Q 22 NIM 3Q 22 TCR 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 This is an excerpt of the original content. To continue reading it, access the original document here .