Full Year 2024 Alior Bank SA Earnings Call Transcript
Key Points
- Alior Bank SA (WAR:ALR) reported a record financial performance in 2024, with revenues exceeding PLN 6 billion, marking an 8% year-on-year growth.
- The bank's net interest income grew by 9%, and net profit increased by 20% compared to the previous year, reaching PLN 2.445 million.
- The cost of risk significantly decreased to 0.62%, down by 0.37% from the previous year, indicating improved risk management.
- Alior Bank SA (WAR:ALR) experienced a 4% growth in assets and a 5% increase in deposit volumes year-on-year.
- The bank's capital position is strong, with a TCR of 18.27%, providing a significant surplus over the regulatory minimum, allowing for potential future growth and dividend payouts.
- The profitability of assets in the loan and securities segments decreased in Q4 2024, partly due to one-off events.
- The pace of growth for the lending portfolio slowed down in Q4 2024, with a reduction in net interest rate impacting net interest income.
- Operating costs are expected to rise in 2025 due to inflation and increased contributions to the BFG fund.
- There is ongoing litigation risk related to the free loan, although the bank has modified its lending offer to mitigate this risk.
- The bank's commission income only grew by 1%, indicating a need for improvement in this area to achieve stronger growth.
Ladies and gentlemen, (multiple speakers) Alior Bank. We welcome to this conference where we summarize the very good 2024 for Alior. As every quarter, we will begin by a presentation of our financial performance by members of the Board. Piotr Zabski will present the main trends, and our results in terms of the volumes and operations. Zdzislaw Wojtera, our Deputy CEO will talk about finance; Marcin Ciszewski will talk about the risk.
In the second part of the meeting right after the end of the presentations, we will have a Q&A session. Before I give the floor to Piotr, let me remind everyone that you can ask questions during the first part, and we'll collect those questions and that will be a good segue for the second part. Piotr, over to you.
» -
Good morning. My name is Piotr Zabski and since November, I have the privilege of working at Alior Group, and I'm the CEO at the bank. Yesterday, the Supervisory Board has approved
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
