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Alior Bank S A : Financial document (Alior Bank 1Q 2026 EN)
Alior Bank S A : Financial document (Alior Bank 1Q 2026
About this update from Alior Bank Sa
PRESENTATION OF RESULTS FOR 1Q 2026 ALIOR BANK SA | APRIL 27, 2026 1 Operating activities 2 Credit risk 3 Financial results 4 Other issues 5 Tytuł piątego działu AGENDA 1 OPERATING ACTIVITIES Scaling Up High Resilience Operational Excellence Growth of the deposit portfolio: At the end of March 2026, the value of liabilities to customers amounted to PLN bn 85.4 and increased by 9% Q1/Q1 Key indicators for 1Q 26 PLN BN 1.5 IN REVENUE +2% Q1/Q1 403 MN PROFIT -15% Q1/Q1 13.8% RoE * -2.9 pp. Q1/Q1 37.8% C/I* -1 pp. Q1/Q1 5.39% NPL -1.31 pp. Q1/Q1 Increase in mortgage loan sales: In 1Q 26, sales of mortgage loans to retail customers amounted to over PLN bn 1.8 and increased by 84% Q1/Q1 Growth in relational customers: The number of relational retail customers amounted to 1.7 mn (103 k more than at the end of March 2025) Alior Leasing's great quarter: Sales in 1Q 26 amounted to PLN mn 937 and were 27% higher than in 1Q 25 Best rating in the bank's history: The bank received an investment grade rating of BBB-/A-3 with a stable outlook from S&P. Cost stabilization: The Bank's operating costs (adjusted for the cost of the BFG contribution) amounted to PLN mn 544 in 1Q 26 and increased by only 1% Q1/Q1 Credit risk reduction: NPL ratio decreased to 5.39%, CoR 0.67%, and costs of credit risk amounted to PLN mn 115 Reliable source of dividends: The Bank's Management Board recommends allocating PLN bn 1.116 of the net profit for 2025 to dividend payment (PLN 8.93 per share) Mobile app customer growth: Mobile app users reached 1.77 mn (up 19% from the end of March 2025) High capital and liquidity stability: TCR = 17.85%; LCR = 236% New technologies: In February, the Bank adopted a new ambitious AI strategy, implements a low-code platform and changes its mobile app for Retail Customers * Accounting for a linear quarterly distribution of contribution to the BFG compulsory restructuring fund. ALIOR BANK ON A PATH OF DYNAMIC GROWTH Key indicators for 1Q 26 5.19% NIM - 0.69 pp. Q1/Q1 17.85% TCR +0.48 pp. Q1/Q1 0.67% CoR -0.07 pp. Q1/Q1 Alior Bank with stable growth in the scale of operations while maintaining consistency in risk management Assets (PLN bn) Deposits* (PLN bn) Gross performing loans** (PLN bn) +8,1 (+8%) 104,7 96,6 +6,9 (+9%) 85,4 78,5 +4,3 (+7%) 65,7 61,4 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26 * Liabilities to customers ** Volume of gross loans classified to stages 1 and 2, without Repo/BuySellBack transactions (PLN bn 0.4 at the end of 1Q 25 and PLN bn 2.2 at the end of 1Q 26) A VERY GOOD START OF THE YEAR FOR ALIOR BANK THE MOBILE APP'S DEVELOPMENT INFLUENCES THE STRONG GROWTH IN USERS RETAIL CUSTOMERS Growth of the relational customer base... Number of relationship customers (mn) …using the mobile app allows for… Number of mobile app users (mn) … the use of remote channels for sales Share of mobile app users among relationship and installment customers (%) +7,10 (+16%) 45,0% 45,5% 47,3% 48,6% 52,1% +0,10 (+6%) 1,70 1,72 1,68 1,62 1,64 +0,28 (+19%) 1,77 1,49 1,52 1,59 1,67 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 % of e2E sales initiated in the mobile +5,50 (+14%) 42,6% 43,6% 40,0% 38,1% 40,7% channel (%) 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 DYNAMIC GROWTH OF THE LOAN PORTFOLIO BALANCED BY A LARGE INCREASE IN DEPOSITS RETAIL CUSTOMERS Both the loan portfolio is growing… Gross loans to retail customers (PLN bn) …as well as deposits of retail customers Balance of assets of retail customers (PLN bn) 41,6 42,3 +3,3 (+8%) 43,1 43,9 44,8 20,7 20,7 20,8 20,9 20,8 20,9 21,6 22,3 23,0 24,1 +8,5 (+12%) 69,9 6,9 5,9 15,3 69,9 7,0 6,3 15,1 71,8 7,0 7,4 15,4 74,3 7,2 8,0 78,4 7,4 0,4 8,1 15,7 16,3 41,4 41,2 41,7 43,1 46,3 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Real estate loans Consumer loans Current accounts Term deposits Investment Funds Financial instruments on brokerage accounts Bank Securities issues and other THE MORTGAGE LOAN PORTFOLIO GROWS; NEW MONEY NON- MORTGAGE LOANS GREW BY 22% RETAIL CUSTOMERS Rapid growth in mortgage sales… Sale of mortgage loans to retail customers (PLN bn) …with stable sales of other loans Sale of non-mortgage loans to retail customers (PLN bn) +0,83 (+84%) 1,81 1,32 1,42 1,28 0,98 -0,01 (0%) 3,80 3,47 3,40 3,34 3,45 1,28 1,30 1,32 1,83 1,14 2,19 2,10 2,02 1,96 2,31 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Consumer Finance Loan Cash Loan GROWTH OF ALIOR BANK'S INVESTMENT SERVICES IN SPITE OF HIGH VOLATILITY ON INTERNATIONAL MARKETS Alior TFI Alior Bank's Brokerage House RETAIL CUSTOMERS Significant increase in brokerage commission income… Net brokerage commissions (PLN mn) …and scale of asset management of client funds Assets under management in Alior TFI's open-end funds (PLN bn) +52% 28,2 28,6 18,9 21,6 21,0 +34% 4,40 4,76 4,80 3,59 3,81 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Number of brokerage accounts >97.9 k +3.8% y/y Assets in Open-end Investment Funds 8.1 bn +38% y/y Sale of structured products YTD 171 mn +159% y/y Market share in AuM 1.2% +0.1 y/y QUALITY IMPROVEMENT AND GROWTH IN KEY SEGMENTS OF THE BUSINESS CUSTOMER PORTFOLIO BUSINESS CUSTOMER Maintaining the business loan portfolio… Gross loans to business customers (PLN bn) …with a clear increase in the key segment The gross business loan portfolio in the Large and SME segments at the end of 1Q 26 amounted to PLN bn 12.4 and thus increased by 5% y/y The performing portfolio of the SME segment at the end of 1Q 26 amounted to PLN bn 4.1 (an increase of 12% y/y) At the same time, the NPL loan portfolio decreased at the end of 1Q 26 to PLN bn 2.4, i.e. by 12% y/y SME Loan Volume (PLN bn) -performing portfolio 17,2 2,5 16,7 17,5 17,4 +3% -2% 2,8 17,4 14,8 14,2 14,7 14,9 14,7 2,4 2,5 2,7 +11% +5% 3,70 3,90 3,90 3,90 4,10 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Performing Non-performing WE DELIVER DIGITAL SOLUTIONS THAT APPEAL TO BUSINESS CUSTOMERS BUSINESS CUSTOMER Increase in deposit volume y/y… Deposits of business customers (PLN bn) …and an increase in the number of accounts opened Increase in the deposit volume (+5% y/y) We maintain a high share of online account sales (71% in 1Q 26) We are intensively migrating customers to the new online banking Number of new current accounts(k) 23,0 +5% 23,2 23,5 21,4 22,5 5,7 3,8 3,6 +22% 4,5 3,7 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 ALIOR LEASING ACHIEVES THE BEST RESULTS IN ITS HISTORY BUSINESS CUSTOMER Both sales... Sale of leases and loans (PLN mn) …and the entire portfolio exceed expectations The share of individual asset categories remains stable. In 1Q 26, 42% of sales were for vehicles up to 3.5 t, 38% for vehicles over 3.5 tons, and 20% of sales were for machinery and equipment. Both quarterly leasing sales for vehicles over 3.5 tons and for machinery and equipment were the highest in the company's history According to ZPL data for the first two months of 2026, the company's share in leasing financing increased by 0.6 pp. to 3.5%, compared to 2.9% in the January-February 2025 period The share is growing in all asset categories, in particular in vehicles over 3.5 t, where market share increased by 1.5 p.p. (the share in I-II 2026 was 7.4%), machinery and equipment also recorded a high increase in the share by 0.8 p.p. (a 3.1% share), in vehicles up to 3.5 t the share increased by 0.2 p.p. (a 2.6% share) Leasing and loan portfolio (PLN mn) +27% 961,0 937,4 818,7 851,7 738,7 +12% 6 624 6 785 6 963 7 143 7 391 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Podium in the Golden Banker 2026 plebiscite Alior Bank took 2nd place in the cash loan category. The Bank moved up to 4th place in multi-channel service quality and was on the podium in the categories of telephone service (2nd place) and correspondence service (3rd place). Leader in the Institution of the Year ranking Historic success: Investment grade rating from S&P Global Rating For the first time in history, Alior Bank has been awarded a BBB- /A-3 investment grade with a stable outlook. S&P appreciated the improvement in its risk profile, portfolio diversification, and high profitability, which strengthens the Bank's position on the global arena. In the 11th edition of the plebiscite, Alior Bank won as many as 6 statuettes, among others won 3rd place in the "Best Mobile App" category for the new version of Alior Mobile. The bank also received awards for solutions in the field of opening accounts remotely. The new version of the Alior Mobile app was recognized as the best in the "Mobile Banking" category. The jury appreciated the speed, intuitiveness, and consistent development of functionalities. Third consecutive Top Employer 2026 title Mobile Banking Leader - Mobile Trends Awards 2026 The certificate confirms the highest standards of HR policy and care for the well-being of employees. Investments in talent development, flexible work models and psychological support of Mindgram remain key pillars of Alior's HR strategy. ALIOR BANK'S ACTIVITIES ARE APPRECIATED BY EXPERTS IN VARIOUS FIELDS 2 CREDIT RISK Regulatory ratios of Alior Bank Group Liquidity ratios: LCR, NSFR 21,44% 20,23% 21,08% 21,78% 18,27% 20,61% 20,07% 20,75% 21,43% 21,60% 177% 181% 187% 202% 257% 227% 214% 245% 236% 17,46% 16,97% 17,53% 141% 144% 145% 147% 148% 146% 146% 149% 152% 17,12% 17,11% 17,37% 16,97% 17,65% 17,63% 17,85% 16,78% MREL TREA TCR CET1 / TIER1 LCR NSFR 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Tier 1 and TCR ratios at the end of March 2026 significantly exceed regulatory minimums*, by respectively 835 bps, (PLN bn 5.1) and 635 bps (PLN bn 3.9) The consolidated MREL TREA ratio of Alior Bank Group at the end of March 2026 was 21.60% (274 bps above the requirement**). The Bank's Management Board recommends allocating PLN bn 1.116 of the net profit for 2025 to dividend payment (PLN 8.93 per share). * Current regulatory minimum (Tier 1 / TCR): CRR minimum (6% / 8%) + conservation buffer (2.5%) + countercyclical buffer (1%). Additionally, the Group received a recommendation from the KNF to maintain a P2G add-on of 2.26% ** The current MREL TREA ratio for the Alior Bank Group set by the Bank Guarantee Fund (BFG) (consolidated, including the combined buffer requirement) is: 18.86% STABLE AND SAFE POSITION OF THE BANK: CAPITAL AND LIQUIDITY SURPLUS WELL ABOVE REGULATORY MINIMUMS Alior Bank Group - cost of risk (CoR%) Alior Bank Group - NPL ratio 13,16% 11,77% 9,80% 8,58% 6,81% 5,64% 5,39% 2,80% 14,48% 2,39% 1,60% 1,51% 0,98% 0,62% 0,49% 0,67% 2019 2020 2021 2022 2023 2024 2025 1Q 26 2019 2020 2021 2022 2023 2024 2025 1Q 26 The Bank successfully continues to transform its credit risk management strategy, which translates into significant resilience of the loan portfolio to the demanding macroeconomic environment. The cost of risk ratio (CoR%) in 1Q 26 amounted to 0.67%. The CoR% ratio for the whole of 2025 was at a lower level (0.49%) solely due to the settlement of profit from the sale of NPL portfolios (the sale of NPL portfolios usually takes place twice annually, in the second and fourth quarters of each year). Observing the negligible impact of the effects of the conflict in the Middle East on the quality of the loan portfolio so far, we currently do not identify risks that could have a significant negative impact on the level of CoR%. Assuming no significant macroeconomic changes in the coming years, we expect the risk costs of the Alior Bank Group to not exceed 0.8%. The Bank has consistently reduced the share of NPL loans in the portfolio, reaching a ratio of 5.39% at the end of 1Q 26, despite the lack of sales of NPL portfolios. The path to reduce the share of NPL loans in the Bank's portfolio is in line with the strategy of reducing the NPL ratio below 5% by the end of 2026. RISK COSTS IN A TREND OF CONSISTENT IMPROVEMENT Impaired loans (PLN bn) NPL reserve coverage ratio* 52,7% 51,9% 51,4% 51,4% 50,4% 0 6,69% 6,18% 6,29% 5,64% 5,39% 3,64 3,62 3,94 4,16 4,22 0 0 0% 0 Cost of Risk - CoR%** 0,74% 0,72% 0,67% 0,29% 0,20% 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Stage 3 NPL Ratio 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Impaired loans - segments NPL provision coverage* - segments CoR% - segments** 3,06% 2,67% 2,78% 2,30% 2,41% 60,0% 59,4% 59,7% 59,3% 59,9% 47,9% 49,1% 50,1% 47,2% 48,2% 0,62% 0,62% 0,49% 13,11% 12,41% 12,95% 11,90% 11,35% 0,92% 0,78% 0,89% 0,96% 0,77% Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 -0,13% -0,10% Retail Segment Retail Segment Corporate Segment (excl. BSB / Repo) Corporate Segment 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2 * Managerial presentation ** By quarter (QTD) Retail Segment Corporate Segment CREDIT RISK IN A TREND OF CONSISTENT IMPROVEMENT 3 FINANCIAL RESULTS 1 524 1 490 1 498 1 465 +2% 1 531 In 1Q 26, revenues amounted to PLN bn 1.5 (+2% y/y) net interest income of PLN bn 1.25 (-3% y/y) net commission income of PLN mn 221 (+6% y/y) 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 -15% 640 688 563 476 403 Net profit (PLN mn) The gross profit of the Alior Bank Group in 1Q 26 amounted to PLN mn 641 and was only PLN mn 1.5 lower compared to the result from 1Q 25 The net profit of the Alior Bank Group in 1Q 26 amounted to PLN mn 403 and was PLN mn 73 (-15%) lower compared to the result from 1Q 25 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 INTEREST INCOME INFLUENCED BY LOWER RATES Total revenue (PLN mn) PLN mn 1Q 25 4Q 25 1Q 26 % y/y y/y % q/q q/q Total Income 1 465,5 1 490,3 1 498,1 2% 32,6 1% 7,8 Net interest income 1 284,8 1 264,8 1 248,2 -3% -36,6 -1% -16,6 Net fee and commission income 209,3 240,2 221,2 6% 11,9 -8% -19,1 Other income -28,6 -14,8 28,7 - 57,3 - 43,5 Total costs -823,3 -750,7 -857,4 4% -34,1 14% -106,6 General administrative expenses -615,8 -565,2 -630,9 2% -15,1 12% -65,6 Impairment of non-financial assets -0,1 -12,6 -0,7 425% -0,5 -95% 11,9 Net expected credit losses -119,9 -50,5 -115,3 -4% 4,7 128% -64,8 Cost of fx mortgage legal risk -15,9 -50,1 -36,7 131% -20,8 -27% 13,5 Banking tax -71,5 -72,3 -73,9 3% -2,4 2% -1,6 Gross profit 642,2 739,5 640,7 0% -1,5 -13% -98,8 Income tax -165,9 -51,8 -237,5 43% -71,6 358% -185,7 Net profit 476,3 687,7 403,2 -15% -73,1 -41% -284,5 Net interest margin (NIM) 5,88% 5,38% 5,19% - -0,69 pp. - -0,18 pp. Cost of funding (CoF) 1,87% 1,53% 1,58% - -0,29 pp. - +0,05 pp. Cost of risk (CoR) 0,74% 0,29% 0,67% - -0,07 pp. - +0,38 pp. Cost / Income ratio (C/I) 42,0% 37,9% 42,1% - +0,1 pp. - +4,2 pp. Loan / Deposit ratio (L/D) 78,5% 77,1% 78,5% - 0 pp. - +1,5 pp. Return on equity (ROE) 16,8% 21,7% 12,5% - -4,2 pp. - -9,2 pp. Total Capital Ratio (TCR) 17,37% 17,63% 17,85% - +0,48 pp. - +0,22 pp. In 1Q 26, net profit amounted to PLN mn 403.2 (-15% y/y), while gross profit amounted to PLN mn 641 and was only PLN mn 1.5 lower than a year earlier In 1Q 26, the ROE ratio was 12.5%, however, calculating the cost of the Bank Guarantee Fund proportionally, the adjusted ROE ratio in 1Q 26 amounted to approx. 13.8% In 1Q 25 the Bank recognized PLN mn 37 costs of legal risk related to mortgage loans in foreign currencies. The additional provision is related to the extension of the horizon of the influx of cases in the future. Currently, the models take into account a 5-year period for the inflow of cases. In 1Q 26, the impact of the valuation of hedging transactions amounted to approx. PLN mn +18, and the result on transactions in financial instruments amounted to approx. PLN mn +6 The income tax was estimated assuming an annual effective tax rate of 37%. INCOME STATEMENT Interest income and expenses (PLN mn) Interest margin and financing cost* 1 633 -8% -1% 1 770 1 650 1 743 1 754 -385 -385 -447 -465 -485 1 192 1 240 1 311 1 324 1 341 441 410 433 430 429 CoF NIM NIM - CoR 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Other Interest Income Loans Interest Income** Interest Cost +3% y/y -11% y/y -21% y/y 5,88% 1,87% 1,74% 1,73% 1,53% 1,58% 5,15% 1Q 25 5,74% 5,54% 2Q 25 5,61% 4,89% 3Q 25 5,38% 5,09% 4Q 25 5,19% 4,53% 1Q 26 Net interest income (PLN mn) Loan / Deposit Ratio -1% -3% 1 285 1 265 1 248 1 296 1 289 80,2% 78,5% 78,5% 78,5% 77,1% 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 * Managerial presentation, QTD ** Interest income from loans, debt purchased, and leasing 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 DESPITE THE DECLINE IN INTEREST RATES, GROWTH OF VOLUME STABILIZES NET INTEREST INCOME +6% 234 240 221 21 222 209 19 20 18 ~0% y/y Payment and credit cards service (net) Transaction margin on currency exchange transactions Brokerage commissions (net) Leasing, loans and advances Bancassurance (net) Commissions related with accounts (net) 18 73 19 56 16 41 -14 79 22 57 16 45 -15 84 21 58 20 47 -18 82 28 60 20 45 -16 73 29 57 23 42 -21 +1% y/y +52% y/y +3% y/y +42% y/y +53% y/y ~0% y/y Other fee/provision cost and income (net) 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 The increase in brokerage commissions by approx. PLN mn 10 y/y resulted mainly from the growth of assets in investment funds, as well as from the increase in the activity of retail clients transacting on the WSE The increase in the result on insurance sales by approx. PLN mn 7 y/y was mainly due to an increase in insurance revenues related to mortgage loans A SIGNIFICANT IMPROVEMENT IN COMMISSION INCOME (+6% Y/Y) Net Fees and Commissions Income (PLN mn)* Operating costs (PLN mn) C/I ratio** Operating costs excluding BFG costs +2% 616 75 159 337 144 11 554 188 178 145 335 62 315 312 302 62 65 64 65 541 550 11 539 565 565 11 554 631 87 544 +16 % y/y ~0% y/y 42,0% 38,8% C/I reported C/I normalized*** 39,0% 42,1% 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 +1% y/y +1% y/y 1Q 25 37,1% 36,1% 2Q 25 37,9% 36,9% 3Q 25 37,9% 4Q 25 37,8% 1Q 26 Costs of Bank Guarantee Fund General and administrative costs* Employee expenses Amortization and depreciation In 1Q 26, operating costs amounted to PLN mn 631 and increased by 2% (by PLN mn 15) compared to operating costs in 1Q 25 Operating costs, excluding the costs of the Bank Guarantee Fund, amounted to PLN mn 544 in 1Q 26 and increased by 1% (by PLN mn 3) compared to operating expenses excluding the costs of the Bank Guarantee Fund in 1Q 25 Compared to 4Q 25, general management costs decreased in 1Q 26 by PLN mn 43 (-23%). This was due to seasonally increased operating costs in 4Q 25, and the q/q decline concerned mainly the cost of IT services (PLN mn -13), the cost of consulting services (PLN mn -11), the cost of training (PLN mn -6) and the cost of building maintenance (PLN mn -6) The Bank estimates that in the whole of 2026, the increase in operating costs, excluding the costs of the Bank Guarantee Fund, will not be higher than the increase implied by inflation * General management expenses include taxes and charges ** By quarter (QTD) *** The ratio is calculated assuming a linear quarterly distribution of the contribution to the BFG compulsory restructuring fund STABILIZATION OF OPERATING EXPENSES IN 1Q 26 Key indicators for 1Q 26 PLN BN 1.5 IN REVENUE +2% Q1/Q1 PLN MN 403 IN PROFIT -15% Q1/Q1 13.8% RoE * -2.9 pp. Q1/Q1 37.8% C/I* -1 pp. Q1/Q1 5.39% NPL -1.31 pp. Q1/Q1 Scaling Up High Resilience Operational Excellence * Accounting for a linear quarterly distribution of contribution to the BFG compulsory restructuring fund. WE ARE IMPLEMENTING OUR AMBITIOUS STRATEGY "ALIOR BANK. OR NOTHING." FOR 2025-2027 4 OTHER ISSUES 15 10 5 0 -5 -10 Change in GDP (real, %, y/y) and its composition (p.p.), Poland CPI, Poland (%, y/y) 20 8 6 4 2 0 8 6 4 2 1 1 1 1 1 0 zapasy konsumpcja GD spożycie publiczne eksport netto inwestycje PKB Inflacja CPI (%, r/r) household consumption inventory public spending net export investments GDP 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Mar-26 NBP rates reduced to 4% CPI (%, y/y) 2,5% 10 5 0 -5 -10 -15 Monthly economic data, Poland (%, y/y) Produkcja przemysłowa Sprzedaż detaliczna Produkcja budowlano-montażowa May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Industrial production Retail sales Construction and assembly production Source: GUS, NBP, Bloomberg, own analysis DAM Alior At the beginning of 2026, the Polish economy had a lower pace of recovery. While in 4Q 25 GDP grew by 4% y/y in 1Q 26 we estimate a slowdown of growth to 3.6% y/y The weakening of investment demand comes to the forefront, mainly related to a significant deterioration in the construction sector, which, however, was largely due to unfavorable weather conditions in the January-February period and should be temporary Consumer demand in 1Q 26 was still strong, supported by a relatively good situation on the labor market, a solid savings buffer and a credit recovery. Nevertheless, the outbreak of war in the Middle East has led to a moderate deterioration in consumer sentiment In March, the first negative effects of the war in the Middle East appeared, but so far limited to boosting inflation from about 2% YoY to about 3% YoY. Nevertheless, inflation remains within the range of deviations from the NBP target, i.e. 2.5% +/- 1 pp. In March, after a 2-month break, the MPC again lowered NBP interest rates by 25 bps, including the main rate to 3.75%, but with the onset of the energy shock, it went into rate stabilization mode DISAPPOINTING ECONOMIC SITUATION AT THE START OF THE YEAR Slight slowdown in growth at the beginning of the year Disinflation interrupted by the outbreak of war 100% 80% 60% 40% 20% 0% -20% Change in prices v. end of '25 (weekly averages) Ropa Brent Gaz (Holandia 1M) Brent Crude Gas (Holland 1M) 3,0 2,5 2,0 1,5 1,0 0,5 0,0 Change in EBC forecasts, March'26 v. December'25 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 The crisis has changed the market perception of NBP rates 2026 2027 2028 inflacja PKB CPI GDP 5,00 4,50 4,00 3,50 3,00 FRA rates From the point of view of the global economy, the key effect of the outbreak of the war in the Middle East was the destabilization of supply chains in the Gulf region. The disruption in the region, which accounts for about 20% of global oil and LNG supply, has resulted in a sharp increase in hydrocarbon prices However, the world was entering an oil shock during a stabilizing inflation situation. The global economy has already emerged from the pandemic and war shock (Russia-Ukraine). The smaller shock of 2025 resulting from tariff wars, on the other hand, had milder-than-expected negative effects The oil shock will be temporary if the war in the Middle East ends as the US has declared in 2Q 26. It is likely to result in a temporary increase in inflation in 2026 and a moderate weakening of global economic growth, with the largest negative exposure to poor countries and net energy importers The crisis has clearly changed the perception of interest rate prospects. Market valuations suggest the Feb-26 Feb-26 Mar-26 Mar-26 Apr-26 PLN FRA 6x9 PLN FRA 18x21 Source: Bloomberg, own analysis DAM Alior possibility of ECB interest rate hikes, and certainly postpone the scenarios of a return to cuts The situation is similar in Poland. The market is playing on the possibility of resumed NBP interest rate hikes. In our view, this is a less likely scenario and would involve the negative effects of the shock spreading beyond the baseline scenario THE WAR IN THE MIDDLE EAST CHANGES PERSPECTIVES A strong increase in hydrocarbon prices ECB lowers GDP growth and raises inflation forecasts Accelerating investments will support the economic situation Rates still down thanks to a favorable inflation situation GDP growth with main components, Poland 15 6,9 5,3 3,0 3,6 3,2 3,7 0,2 10 5 0 -5 2021 2022 2023 2024 2025 2026P 2027P Inwestycje (realnie, %, r/r) Konsumpcja prywatna (realnie, %, r/r) PKB (realnie, %, r/r) Investments (real, %, y/y) GDP (real, %, y/y) Private consumption (real, %, y/y) CPI and interest rates, Poland 16 5,75 4,00 3,50 3,50 3,0 2,5 1,75 5,75 6,75 14 12 10 8 6 4 2 0 2021 2022 2023 2024 2025 2026P 2027P Inflacja CPI - średnio (%, r/r) Stopa bazowa NBP - koniec okresu (%) CPI - average (%, y/y) NBP base rate - EoP (%) Source: GUS, NBP, own analysis DAM Alior The economic recovery in Poland in 2026 should, on the one hand, be supported by a clear acceleration of investment and a slight slowdown in private consumption, on the other hand, its potential will be reduced by the destabilization related to the war in the Middle East 2024 2025 2026P 2027P Economic indicators GDP (real, %, y/y) 3 3,6 3,7 3,2 Investments (real, %, y/y) -0,9 4,2 7,9 3,9 Private consumption (real, %, y/y) 2,9 3,7 3,5 2,9 CPI (average, %, y/y) 3,6 3,6 3 2,5 Unemployment rate (average, %) 5,1 5,4 5,8 5,7 NBP base rate (EoP, %) 5,75 4 3,5 3,5 Banking sector (volumes, %, y/y) CAGR 2026-2027 Total loans 3,4 5,6 6,3 Residential mortgages (PLN) 8,4 7,9 7,9 Consumer 5,7 8,1 6,5 Corporate 4,8 8,9 7,4 Total deposits 7,9 9,7 7,5 Investment demand should accelerate significantly with the cyclical recovery of corporate investments, supported by the spending of EU funds, including the NRP. Private consumption will slow down somewhat, among others as a result of higher inflation and a more pronounced slowdown in real wage growth Inflation will move to higher levels due to the energy shock compared to recent trends, but will remain in the band of deviations from the NBP target (2.5% +/- 1 pp). Lower taxes on fuels will help during a period of increased pressure from high oil prices The prospect of continuing NBP interest rate cuts in the face of higher inflation is receding Risks to the outlook in the context of the energy shock caused by the war in the Middle East remain elevated. We assume that in 2Q 26, we will see a gradual normalization of the situation. A possible prolonging of the destabilization of the energy market will increase inflation and erode demand In 2026-2027, we expect the recovery in loans to continue, culminating in 2026. Nevertheless, the deposit base will continue to grow faster than the value of loans 2026: RECOVERY WITH RENEWED INFLATIONARY PRESSURES 1 New Alior Konto campaign with a payment ring 2 Alior Bank and JIMEK join forces again started 16.04.2026 The return of the Alior Konto offer on simple terms, with a promotion including a payment ring Alior Bank has become a strategic partner of the "JIMEK | ORCHESTRA | GUESTS - The history of Polish hip-hop. Chapter III The Last", which will take place on 12.09.26 in Warsaw BUILDING SCALE THROUGH STRATEGIC COLLABORATION AND MARKETING CAMPAIGNS 71 846 68 250 66 331 +5% +8% 44 849 41 565 43 866 26 997 24 766 24 384 44 849 43 866 41 565 +2% +8% 20 862 20 754 20 658 24 094 23 004 20 907 +9% / +2%** +11% / +3%** 2 199 3 958 4 654 433 4 895 5 452 5 442 4 700 7 411 7 613 7 805 7 147 6 624 7 398 415 24 766 24 384 26 997 1Q 25 4Q 25 1Q 26 1Q 25 4Q 25 1Q 26 1Q 25 4Q 25 1Q 26 Retail Segment Corporate Segment Consumer loans Real estate loans Alior Leasing Large SME Micro Reverse Repo/BSB Structure of the total loan portfolio Structure of the Retail Customer portfolio Structure of the Business Customer portfolio 51,1% 51,8% 52,4% 50,3% 49,7% 48,9% 48,2% 47,6% 53,7% 31% 31% 30% 30% 29% 27% 27% 27% 29% 27% 63% 63% 62% 64% 62% 37% 37% 38% 36% 38% 22% 22% 21% 22% 19% 18% 16% 16% 2% 1% 6% 18% 17% 8% 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 46,3% 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 2% 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Micro SME Large Alior Leasing Reverse Repo/BSB Retail Segment Corporate Segment Consumer loans Real estate loans * Managerial presentation. In 1Q 26 there was a change in the classification of the Business Customer segment, which consisted in, among others, the merger of the Small and Medium segments in SMEs and the reclassification of some of the Small to Micro customers ** without Reverse Repo / BSB transactions Business Customer Segment* (PLN mn) Retail Customer Segment (PLN mn) Loan portfolio in total (PLN mn) STABLE GROWTH OF THE GROSS LOAN PORTFOLIO Structure of net liabilities to Customers Net liabilities structure - Retail Segment Net liabilities structure - Business Segment +9% +3% 78 465 7 123 15 334 679 82 621 7 536 15 679 632 85 414 7 886 16 277 638 13 936 15 636 14 332 41 393 43 138 46 280 41 393 43 138 46 280 16 277 296 15 679 294 15 334 +10% +6% 57 021 59 113 62 872 315 22 542 23 508 -4% +5% 14 332 15 636 13 936 7 886 7 536 323 336 21 444 385 7 123 1Q 25 4Q 25 1Q 26 1Q 25 4Q 25 1Q 26 1Q 25 4Q 25 1Q 26 Other Term deposits (Corpo) Term deposits (Retail) Current deposits (Corpo) Current deposits (Retail) Other liabilities Term deposits Current deposits Other liabilities Term deposits Current deposits Structure of main liabilities 71% 69% 69% 71% 71% 29% 30% 30% 28% 28% Structure of main liabilities - Retail Segment Structure of main liabilities - Business Segment 65% 67% 60% 61% 64% 73% 73% 73% 73% 74% 39% 33% 37% 32% 35% 27% 27% 27% 27% 26% 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Current deposits Term deposits 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Current deposits Term deposits 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Current deposits Term deposits * Starting from the 2024 report, amounts due to customers are presented excluding Bank Securities (" Bankowy Papier Wartościowy") and liabilities from debt securities issues. Historical data has been adjusted accordingly. THE BANK MANAGES THE DEPOSIT PORTFOLIO TO OPTIMIZE THE COST OF FINANCING (PLN MN)* Alior Bank Group assets 93,3 7,3 9,8 28,5 7,0 26,5 10,3 23,6 8,7 8,3 18,8 6,7 82,9 83,0 78,6 17,0 90,1 104,7 101,8 +3% +33% 58,2 56,2 57,6 61,0 62,7 65,5 68,9 15,7 16,1 -26% YTD Receivables from Customers (net) 23,0 25,3 22,7 22,9 21,8 22,4 22,3 43,6 42,7 39,8 38,0 36,4 35,2 33,9 +23% +5% 62,7 65,5 68,9 +7% YTD 56,2 58,2 57,6 61,0 +10% YTD +5% YTD +8% YTD 2020 2021 2022 2023 2024 2025 1Q26 2020 2021 2022 2023 2024 2025 1Q26 Other assets Loans and advances to customers Financial assets Corporate Loans Retail Loans ASSET STRUCTURE OF ALIOR BANK GROUP (PLN BN) Alior Bank Group liabilities Liabilities to Customers* 6,2 82,9 6,2 +33% +3% 101,8 104,7 90,1 93,3 78,6 83,0 71,5 6,2 5,9 6,6 9,2 11,2 13,1 13,0 65,8 70,0 85,4 6,3 73,1 6,7 5,6 76,9 7,8 5,2 82,6 ~0% YTD +3% YTD 0,6 -3% YTD +2% YTD +4% YTD -8% YTD 2020 2021 2022 2023 2024 2025 1Q26 +1% YTD 15,7 17,3 15,1 5,7 14,1 15,0 7,2 0,5 0,6 0,5 70,0 0,5 65,8 0,7 0,6 76,9 73,1 71,5 +3% 82,6 85,4 +30% 7,5 15,6 42,6 15,0 14,2 13,9 38,8 37,2 36,3 35,1 43,1 46,3 7,4 7,9 5,4 5,5 4,3 7,9 16,3 16,4 14,3 2020 2021 2022 2023 2024 2025 1Q26 +7% YTD Other liabilities Amounts due to customers Equity Other Term deposits (Corpo) Term deposits (Retail) Current deposits (Corpo) Current deposits (Retail) * Starting from the 2024 report, amounts due to customers are presented excluding Bank Securities (" Bankowy Papier Wartościowy") and liabilities from debt securities issues. Historical data has been adjusted accordingly. LIABILITY STRUCTURE OF ALIOR BANK GROUP (PLN BN) 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 % q/q q/q % y/y y/y Total assets 96 589,4 99 467,6 97 742,1 101 775,0 104 718,2 3% 2 943,2 8% 8 128,8 Cash and cash equivalents 5 357,5 5 530,4 3 382,7 4 062,9 1 570,5 -61% -2 492,4 -71% -3 787,1 Amounts due from banks 2 028,6 1 429,4 878,3 2 203,1 2 353,4 7% 150,3 16% 324,8 Debt securities and derivatives 22 190,9 23 419,4 24 398,4 26 509,3 28 491,7 7% 1 982,3 28% 6 300,8 Derivative hedging instruments 393,2 491,3 409,8 659,6 389,7 -41% -269,9 -1% -3,4 Loans and advances to customers 63 138,4 63 913,1 66 135,8 65 451,5 68 937,2 5% 3 485,7 9% 5 798,8 Assets pledged as collateral 972,6 2 196,6 18,3 0,0 0,0 - 0,0 -100% -972,6 Property, plant and equipment 672,8 641,9 643,4 829,1 813,4 -2% -15,7 21% 140,6 Intangible assets 474,2 487,8 508,2 551,0 561,0 2% 10,0 18% 86,7 Income tax asset 736,5 687,3 710,2 724,1 742,7 3% 18,6 1% 6,2 Other assets 624,8 670,4 657,1 784,4 858,6 9% 74,2 37% 233,9 Total liabilities and equity 84 746,1 87 977,8 85 581,2 88 792,0 91 585,5 3% 2 793,5 8% 6 839,4 Amounts due to banks 1 179,7 2 337,0 254,8 589,2 457,6 -22% -131,6 -61% -722,1 Amounts due to customers 78 464,6 79 590,6 80 585,5 82 620,6 85 413,8 3% 2 793,2 9% 6 949,1 Financial liabilities 240,5 314,5 201,0 327,1 371,1 13% 44,0 54% 130,6 Derivative hedging instruments 315,8 217,3 142,7 69,0 123,2 78% 54,2 -61% -192,6 Fair value changes of the hedged items in portfolio hedge 32,7 105,8 102,8 202,1 -103,1 -151% -305,2 -415% -135,8 Provisions 324,2 354,9 375,4 404,0 402,4 0% -1,6 24% 78,2 Other liabilities 2 227,5 3 105,3 1 818,9 2 039,7 2 506,6 23% 466,9 13% 279,1 Income tax liabilities 40,0 106,6 210,4 218,4 56,9 -74% -161,5 42% 16,9 Liabilities from the issuance of debt securities 1 921,0 1 846,0 1 889,5 2 321,9 2 357,0 2% 35,2 23% 436,0 Equity 11 843,3 11 489,8 12 160,9 12 983,0 13 132,7 1% 149,7 11% 1 289,4 Share capital 1 305,5 1 305,5 1 305,5 1 305,5 1 305,5 0% 0,0 0% 0,0 Supplementary capital 7 438,1 8 655,3 8 655,3 8 655,3 8 655,3 0% 0,0 16% 1 217,2 Revaluation reserve -37,0 169,1 277,4 407,6 154,7 -62% -253,0 -518% 191,7 Other reserves 161,8 161,8 161,8 161,8 161,8 0% 0,0 0% 0,0 Accumulated losses 2 498,6 81,6 81,6 85,7 2 452,3 2762% 2 366,6 -2% -46,3 Profit for the period 476,3 1116,5 1679,4 2367,0 403,2 -83% -1 963,9 -15% -73,1 Total liabilities and equity 96 589,4 99 467,6 97 742,1 101 775,0 104 718,2 3% 2 943,2 8% 8 128,8 CONSOLIDATED STATEMENT OF THE FINANCIAL STANDING OF THE ALIOR BANK GROUP (PLN MN) -36% -50% 2 769 2 773 2 446 2 347 2 432 2 521 2 184 1 885 1 389 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 +18% +1% 5 219 5 264 4 557 4 455 4 448 4 717 4 621 1 571 3 542 1 965 2 310 3 375 2 007 2 186 2 101 2 025 1 679 1 640 1 632 1 420 743 1 316 1 278 1 810 1 346 682 1 181 605 1 138 983 1 704 1 279 1 301 1 318 1 835 1 144 Sales in the Retail Customer Segment 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Cash Loan Mortgage Loan Consumer Finance Loan * New sales limit (new sales + increases) for Customers in the Micro- / Small- / Medium- / Large-Sized categories +6% y/y +84% y/y -11% y/y NEW SALE OF LOANS (PLN MN) Sales in the Business Customer Segment* 493 487 -20 (-4%) 486 -6 ( -1% ) 479 473 6 677 6 715 7 055 -39 (-1%) -379 (-5%) 6 779 6 906 6 177 6 236 6 304 6 425 6 569 500 479 474 480 486 -5% y/y 175 168 168 168 166 318 319 318 311 307 +3% y/y 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 -6% y/y 4 456 -158 (-3%) -265 (-6%) 4 613 4 720 4 363 4 654 4 631 4 468 4 381 4 403 4 205 251 252 251 250 251 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 -3% y/y Subsidiaries Alior Bank Number of customers (k) Branches* Agencies ~0% y/y * Alior Bank's branches include: traditional branches, Private Banking branches, Corporate Banking Centers, and Microenterprise Centers. The decrease in the number of retail customers by 263 k in 1Q 26 results from the termination of inactive accounts -4% y/y 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Corporate Segment Client Retail Segment Client ADDITIONAL INFORMATION Employment (FTEs) Alior Bank's branches 150 140 130 120 110 100 90 80 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Shareholding structure* Others 35,1% OFE 33,0% Generali OFE 5,1% PKO BP Bankowy OFE 3,9% Vienna OFE 2,7% Uniqa OFE 1,9% Alior Bank's shares ar stock indices: WIG WIG-BANKI WIG20 WIG20TR WIG.MS-FIN e part of the following WIG-Poland CEEplus WIG140 WIGFIN Allianz OFE 8,8% -7.6% y/y +25.0% y/y +27.6% y/y ISIN code: PLALIOR00045 GPW: ALR Bloomberg: ALR PW Reuters: ALRR.WA +24.2% y/y Rating S&P: long-term: BBB-outlook: stable Rating Fitch: long-term: BB+ outlook: positive Rating Sustainalytics: ESG Risk Rating: 20.5 Medium Risk PZU Group 31,9% NN OFE 9,9% Pocztylion-Arka OFE 0,6% * Based on public announcements and the annual structure of OFE [Open Pension Fund] and DFE [Voluntary Pension Fund] assets as on 31.12.2025 ** based on the equity of the Alior Bank Group as of 31.03.2026 *** based on the reported net profit of the Alior Bank Group from 2Q 25 to 1Q 26 ALIOR BANK S.A. - STOCK PERFORMANCE, SHAREHOLDING STRUCTURE, RATINGS Alior Bank's share price compared to WSE indices (comparable data for 12 months) Alior Bank share price : PLN 110.65 (data as of March 31, 2026) Capitalization : PLN bn 14.4 Value of shares in free float : PLN bn 6.4 P/BV**: 1.1x P/E***: 6.3x CONTACT Contact data Investor Relations and Subsidiaries Supervision Department e-mail: [email protected] Address details Alior Bank S.A. Investor Relations and Subsidiaries Supervision Department ul. Chmielna 69 00-801 Warszawa More information Website Faceboo k fanpage X profile Next events: Results for 1H 26 - August 4, 2026 Results for 3Q 26 - October 27, 2026 Youtub e channel LinkedIn profile This data has been prepared by Alior Bank S.A. ("Bank", "Company") solely for the purpose of the Presentation. Any and all data that may constitute a projection for the Company's future economic and financial results, contained in this presentation, has been prepared based on the Report of the Bank's Capital Group for 1Q 26. The Bank shall bear no liability for the use of the information presented. The distribution of this document in certain countries may be restricted by law. This document must not be used for, in connection with nor must it constitute an offer to sell or acquire any securities or other financial instruments of the Bank in any jurisdiction in which such an offer would be unlawful. Each and every person in possession of this document must inform each other and observe the above restrictions. Any failure to comply with these restrictions may constitute a violation of the law. The information contained in this presentation should be treated neither as open nor hidden statements nor as statements provided by the Bank or persons acting on behalf thereof. Moreover, neither the Bank nor persons acting on behalf thereof shall bear any liability for any damages that may arise as a result of negligence or for other reasons in connection with the use of this Presentation or any information contained therein, or for damages that may arise otherwise in connection with the information contained in this Presentation. DISCLAIMER