Alior Bank net profits up, will not pay out dividends

Commercial lender Alior Bank recorded a consolidated net profit of PLN 91.22 million in Q1 2015, compared with PLN 68.4 million in the same period of the previous year, the lender informed in a report. The total value of assets stood at PLN 34.89 billion, while it amounted to PLN 26.52 billion in Q1 2014. Bank's net interest income totaled PLN 343.17 million in Q1 2015, versus PLN 328.4 million in Q1 2014. Net fees and commissions came in at PLN 92.78 million, compared with PLN 83.57 million in Q1 2014. Alior Bank also informed that it decided not to pay out a dividend for 2015, nor for 2016.