Alior Bank's net profit soars in 2013
March 7, 2014
Poland’s Alior Bank netted PLN 227.9 million last year, up from PLN 61.1 million in 2012, which translates into 272.8 % in annual terms, according to the bank's 2013 annual report published on Thursday.
Interest income went up 20.7% from 2012 to PLN 998.6 million and net fee and commission income reached PLN 275.2 million, having grown by 36.6% from the previous year.
Alior Bank's total revenue advanced 20.6% year-on-year to PLN 1.54 billion while costs dropped by 6.7% to PLN 847.4 million.
Alior said in late-February it would enjoy a PLN 18 mln boost to its 2013 net profit from a change to accounting standards on its bancassurance operations, while taking a hit from a gross PLN 24 million provision on fixed assets for sale.