Alior Bank and Bank Pekao call off merger

The management boards of Alior Bank and Bank Pekao have decided to end analyzes and negotiations regarding their possible merger. It was considered that, taking into account the current valuation of both companies, the analysis of profitability and feasibility, the more beneficial option from the sh...

Locked content Pekao on route to merge with Alior – Reuters

Bank Pekao will likely move forward on a merger with Alior Bank, according to two confidential sources cited by Reuters. In late February, Pekao’s CEO Michał Krupiński stated he believed that analysis for a possible merger with Alior Bank would be completed by the end of Q2. Reuters said that the me...

Alior Bank appoints new president

The Polish Financial Supervision Authority has unanimously agreed to appoint Katarzyna Sułkowska to the position of President of Alior Bank, the Commission announced on Tuesday.

Locked content PZU CEO: Pekao and Alior cooperation analysis should be known soon

Talks on the cooperation between Bank Pekao and Alior Bank are still ongoing and PZU hopes that it will know the results of this analysis soon. The insurer excludes scenarios that would benefit a single bank from the group at the expense of the other, said PZU CEO Paweł Surówka. “At this point, the ...

Locked content Alior Bank CEO resigns

Michał Chyczewski stepped down from his post as the CEO of WSE-listed Alior Bank. To-date Deputy CEO Katarzyna Sułkowska has been appointed as acting CEO in his place, the company said in a market filing. “Alior will continue works on implementing its strategy, especially strengthening the bank̵...

Locked content Apple Pay to be launched in Poland next year?

According to Cashless website, five Polish banks are negotiating with Apple regarding launching Apple Pay service in Poland. Apple was the side initiating the talks sending out feelers to Polish banks this month. Some of the lenders declined to enter negotiations, however, five has started talks. Th...

Locked content Alior Bank with PLN 190 mln Q3 net profit

WSE-listed Alior Bank posted a PLN 189.88 million attributable net profit in Q3, up from PLN 86.94 million last year. Net income from interests soared to PLN 723.81 million, up by 47.6 percent y/y, fees and commissions amounted to PLN 103.2 million, up from PLN 87 million last year. Alior’s  total a...

Locked content Alior to expand its subordinated bond issue by PLN 400 mln

WSE-listed lender Alior bank will expand its PLN 400 million subordinated bond issue by PLN 200 million following “heavy demand” from investors in the book building process, the company said in a market filing. The papers will mature in 8 years and will offer 2.7 percent rate based on WIBOR 6M. Alio...

Locked content Pekao to tighten cooperation with PZU, Alior – CEO

According to the CEO of WSE-listed, state-owned Bank Pekao, the lender should increase its cooperation with its owned, WSE-listed insurer PZU, and another lender owned by PZU – Alior. “Our branches have a large potential for bancassurance, while PZU branches for assurbanking,” Michał Krupiński said,...

Locked content Alior to issue PLN 400 mln subordinated bonds

WSE-listed lender Alior Bank plans to sell up to PLN 400 million of subordinated bonds in a private placement issue. The papers will mature in 8 years and will offer variable rate based on WIBOR 6M. The company hopes to issue bonds in October pending market situation. Alior received approval from th...