Alior Bank with PLN 190 mln Q3 net profit

WSE-listed Alior Bank posted a PLN 189.88 million attributable net profit in Q3, up from PLN 86.94 million last year. Net income from interests soared to PLN 723.81 million, up by 47.6 percent y/y, fees and commissions amounted to PLN 103.2 million, up from PLN 87 million last year. Alior’s  total assets stood at PLN 65.04 billion at end-Q3, slightly up from PLN 61.16 billion at end-2016. In Q3 the lender was able to “limit bank's costs in a durable manner by PLN 55 million thanks to synergy effects from the merger with operations of bank BPH and other steps limiting costs,” the bank said.