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...

Alior Bank renews major office lease deal in Warsaw

Alior Bank has renewed its lease agreement for office space at Łopuszańska Business Park in Warsaw and taken up additional area at the complex. The tenant will now occupy a total of 13,600 sqm in the location. Cushman & Wakefield brokered the transaction, which is the largest lease deal to have ...

Locked content Alior Bank approves PLN 1.2 bln bond program

WSE-listed lender Alior Bank’ supervisory board approved a PLN 1.2 billion bond program, the bank said in a market filing. The program will last for 12 months, pending financial market watchdog KNF approval. The bond tenors will be capped at 10Y. The bonds may be either ordinary or subordinated. The...

Locked content Alior to look for new CEO

WSE-listed lender Alior’s CEO Wojciech Sobieraj will not seek reappointment after his current term ends in mid-June. The bank wants to find new CEO until that time. “The management board will do everything to appoint a new board by mid-June. The new management will implement the bank’s n...

Locked content Alior Bank Q1 profit rises

WSE-listed Alior Bank posted a PLN 82.4 million attributable net profit in Q1, up from PLN 80.2 million last year. Alior’s  total assets declined 1.3 percent q/q to PLN 60.4 billion, loans have increased by 4.6 percent to PLN 48.4 billion. Deposits were down 1.7 percent to PLN 50.5 billion. Net inte...

Locked content KNF asks Alior to retain full profit

Poland’s financial market regulator KNF asked WSE-listed lender Alior to retain its entire profit from last year to boost its capital base. In 2016, Alior had PLN 618 million net profit. Earlier this year, KNF asked several Polish banks, including PKO BP, ING Bank Śląski and BZ WBK to do same....

Locked content BPH de-listing of shares approved by WSE

Shares of bank BPH will be de-listed on the main market of the Warsaw Stock Exchange beginning December 20, press reports stated on Wednesday. “The decision of the Financial Supervision Commission on the granting of Company Bank BPH permission to abolish the dematerialization of shares…[will be] exc...