Alior Bank increases net profit by 103% q/q

Commercial lender Alior Bank recorded consolidated net profits of PLN 80.2 million in Q1 2016, versus PLN 91.2 million in Q1 2015, which means 12 percent drop y/y and 103 percent growth q/q, according to a statement. Alior Bank's net interest income stood at PLN 412.5 million in Q1 2016, an increase of 20 percent year-on-year and 4 percent quarter-on-quarter. Net commissions fell by 6 percent y/y and grew by 10 percent q/q, amounting to PLN 87.3 million. Alior Bank has been operating since 2008, it has been listed on the WSE since 2012.