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 particular goals,” Chyczewski said. The strategy, published back in March, assumed the bank would reach top 6-7 position in Poland by 2020, with market share at 7.5-8.5 percent, and would concentrate on retail clients. The bank also confirmed that it will not pay out the dividend “at least by 2020.”