The Warsaw Voice » Business » News - March 9, 2018
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Alior Bank annual report
Alior Bank reported an attributable net profit of PLN 143.1 million in the 4th quarter 2017, meeting market expectations, Alior's 2017 financial report showed. The bank can stabilize its net interest margin at 4.6% in 2018 and increase it in the following year, deputy CEO Filip Gorczyca told PAP. It expects a slight increase of cost of risk to 1.9% in 2018 due to the change in portfolio structure.
Alior expects the cost to income ratio decline to 44% in 2018 vs. 49.7% in 2017, management said in its 2017 earnings presentation.
The bank plans to launch in June an acceleration program and a fund investing in FinTech and InsurTech companies, the bank said in a press statement. The fund will have a PLN 10 mln budget annually, Alior said.