Fitch maintains Alior Bank's rating

Rating agency Fitch has maintaned Alior Bank's long-term rating at BB level with a stable outlook after the acquisition of Bank BPH. The viability rating is also at BB level. Earlier, Alior Bank, a unit of state-owned insurer PZU, signed a deal to buy a 87.23 percent stake in Bank BPH for PLN 1.22 billion. The transaction excluded the franc-denominated mortgage loans portfolio and must be completed by the end of 2016.