Alior 2017 profit down

WSE-listed Alior Bank posted a PLN 515.24 million net profit in 2017, down from PLN 575.23 million last year. Net income from interests grew to PLN 2.84 billion, up from PLN 1.94 billion in 2016, while fees and commissions amounted to PLN 453 million, up from PLN 331.13 million the previous year. Alior ’s total assets stood at PLN 69.49 billion at end-Q4, up from PLN 61.16 billion at end-2016. “Last year was a time of impressive results for Alior Bank that we achieved during significant changes in bank management and in a highly competitive market environment. The most important strategic decisions concerned the restructuring in connection with the acquisition of Bank BPH, the appointment of the new term management board and the commencement of the implementation of the Digital Rebel strategy. In addition to excellent results and the strengthening of the capital and liquidity position, we have achieved success thanks to constant work on increasing customer satisfaction and maintaining a high rate of organic growth,” said acting CEO Michał Jan Chyczewski.