Alior Bank's brokerage house expands
April 19, 2017
Listed lender Alior Bank’s brokerage house has added almost 25 thousand accounts and its total number of accounts has reached 108 thousand as a result of the recently completed Alior Bank’s merger with a part of BPH Bank, daily Parkiet reports. Following the merger the market position of Alior Bank’s brokerage house should be stronger than just based on a simple sum of the two merged brokerage houses since former BPH brokerage house’s customers will gain access to a number of new services, such as individual advisory services as part of the VIP offering, mobile application Alior Gielda, transaction platform Alior Trader enabling FX, foreign indices and commodity transactions as well as a broader investment funds offering, the Director of Alior Bank’s brokerage house Krzysztof Polak says. Alior Bank’s brokerage house has expanded its brokers and analysts team and is hoping to increase the scale of operations and generate higher revenue as well as achieve higher profitability, he adds. Last year Alior Bank’s brokerage house’s customers generated almost PLN 3.3 billion (a 0.86% market share) of shares trading volume on the WSE while the volume generated by BPH brokerage house’s customers reached PLN 986 million (a 0.26% market share).