Locked content Alior Q2 profit up

WSE-listed Alior Bank posted a PLN 99.95 million attributable net profit in Q2, up from PLN 81.66 million last year. Net income from interests soared to PLN 719.37 million, up by 62 percent y/y, fees and commissions were up by 55.3 percent y/y at PLN 118.3 million. Alior’s  total assets stood at PLN...

Locked content Alior Bank sells PLN 250 mln bonds in private placement

WSE-listed lender Alior Bank has closed the book building process for its PLN 250 million private placement bond issue with demand exceeding PLN 400 million, the bank said in a market filing. The 3-year bonds will be unsecured with rates set at WIBOR6M plus 1.19 percent margin. The bonds will be iss...

Locked content BGK with a PLN 1 bln loan program for telecoms

State-owned lender BGK has launched a PLN 1 billion loan program targeting the development of high-speed internet infrastructure, signing the first agreement with state-controlled Alior Bank. “We assume that by the year 2023 we will spend PLN 1 billion for loans to telecommunications companies for t...

Locked content Alior Bank won’t update its strategy – acting CEO

WSE-listed lender Alior Bank sees no reason to update its recently announced strategy and expects to pay a dividend no sooner than in 2020, acting CEO Michał Chyczewski said. ”We will implement all strategic goals and parameters, by end-September we want to have an operational plan for meeting parti...

Locked content Alior to launch PLN 250 mln private bond issue

WSE-listed lender Alior Bank has launched the book building process for a PLN 250 million private placement bond issue. The rates will be variable and based on WIBOR6M. The 3-year bonds will be unsecured. The bank expects to conduct the issue in Q3, subject to market conditions….
Alior BankImage : Vivenge

PZU denies plans to merge Alior with Pekao

State-owned insurer PZU denied media reports that it will merge its banking units Pekao and Alior. “It’s pure media speculation,” PZU CEO Paweł Surówka, told the Polish Press Agency (PAP). PZU will instead seek revenue and cost synergies among the two lenders

Locked content Alior appoints board member Chyczewski as CEO

WSE-listed, state-owned lender Alior Bank appointed board member Michał Chyczewski to become the bank’s new CEO, pending Financial Supervision Authority (KNF) approval. Chyczewski was appointed to the company’s board last week. He replaces Alior’s founder and long-time CEO Wojciech...

Locked content PZU plans no new banking acquisitions

Poland’s largest insurer PZU is not planning any new acquisitions in the banking sector, however its banking units might be, company’s CEO Paweł Surówka said in an interview with the Polish Press Agency (PAP). “At this stage of our development, we have satisfied our appetite for acquisitions i...

Locked content Alior profit up. No acquisitions planned

WSE-listed Alior Bank, owned by state-controlled insurer PZU, had PLN 618.28 million net profit in 2016 (PLN 369 million in Q4), up from PLN 309.65 million in 2015. According to the financial report, the results from 2016 and the year before are hard to compare due to a number of one-off factors, su...

Locked content PZU will keep Alior and Pekao as separate companies

Polish lender PZU, which owns Alior bank and is to acquire a majority stake in another Polish lender Pekao will not be merging them into one entity, PZU’s CEO Michał Krupiński said. “The synergy costs would be higher than its effects,” he explained PZU also isn’t planning any significant chang...