Q1 2026 Alior Bank SA Earnings Call Transcript
Key Points
- Alior Bank SA (FRA:A6O) reported a 2% year-on-year growth in revenues, reaching PLN1.5 billion, despite lower interest rates.
- The bank achieved a 9% year-on-year growth in its deposit portfolio, indicating strong customer trust and financial stability.
- Alior Bank SA (FRA:A6O) received an investment rating from S&P, which is crucial for its upcoming bond issuance in the euro market.
- The bank's mobile app saw a 90% growth in user numbers, reflecting successful digital transformation efforts.
- Alior Leasing, a sister company, experienced a 27% year-on-year increase in sales, outperforming the market average.
- Net profit dropped by 15% to PLN403 million, primarily due to corporate income tax impacts.
- The cost of risk increased slightly, with a COR of 0.67%, reflecting challenges in managing credit risk.
- There was a decrease in non-mortgage loan performance, attributed to delays in business partner negotiations.
- The bank's net interest margin decreased from 588 to 519 basis points, impacted by lower reference interest rates and a shift towards mortgage loans.
- Legal risks related to foreign currency loans resulted in a PLN37 million provision, affecting financial stability.
Good morning. This is Dominik Procov. On behalf of Alior Bank, may I welcome everyone to the results conference. Wae will talk about the first-quarter 2026. And the first part, the bank's results as well as the trends, they will be discussed by members of the Board, President, Piotrzoski, who will sum up the most important trends and will tell us about business results, Deputy President, Marcin Ciszewski, who will tell us about Risk; and Deputy President, Gislaoitera, who will tell us about finance.
After the end of the presentation, we will have a Q&A session. Before I hand over to Piotr, may I encourage everyone to ask questions already during the first part of the conference, which will help us smoothly move into the Q&A session. Piotr, you have the floor.
Good morning, everyone. The presentation will be composed of four parts. Firstly, operational activities with two business lines,
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