Presentation of results for 3Q'23
Warsaw, October 26, 2023
Agenda
1. Operating activities
- Credit risk
- Financial results
4. Other issues
2
Operating activities
Another record-breaking quarterly result for Alior Bank
In 1-3Q'23 revenues amounted to PLN bn 4.164
- net interest income PLN bn 3.483 (+44% y/y)
- net fees and commissions PLN mn 597 (-3% y/y)
In 2Q'23 revenues amounted to PLN bn 1.45
- net interest income PLN bn 1.219 (+108% y/y)
- net fees and commissions PLN mn 172 (-15% y/y)
Total revenues (PLN mn)
+591 mn (+16%) | +158 mn (+12%) | |||||||||||||||||
4 175 | 1 322 | 1 341 | 1 385 | 1 450 | ||||||||||||||
11 | 1 292 | |||||||||||||||||
3 584 | 11 | |||||||||||||||||
525 | ||||||||||||||||||
525 | ||||||||||||||||||
4 164 | 1 330 | +683 mn | ||||||||||||||||
y/y | ||||||||||||||||||
3 059 | ||||||||||||||||||
+1,105 bn | ||||||||||||||||||
767 | ||||||||||||||||||
1-3Q 22 | 1-3Q 23 | 3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 | ||||||||||||
One-offs* | Total income (PLN M) | |||||||||||||||||
Alior Bank's net profit for 1-3Q'23 amounted to PLN bn 1.443 and increased by PLN bn 1.121 compared to the 1-3Q'22 result.
Net profit in 3Q'23 amounted to PLN mn 572 and increased by PLN mn 634 in comparison to 3Q'22.
4
* Detailed on slide 37
Net profit (PLN mn) | |||||||||||||||||||||||||||||||
+450 mn (+45%) | +140 mn (+33%) | ||||||||||||||||||||||||||||||
1 452 | 572 | ||||||||||||||||||||||||||||||
9 | |||||||||||||||||||||||||||||||
1 002 | 431 | 369 | 375 | 506 | |||||||||||||||||||||||||||
9 | |||||||||||||||||||||||||||||||
8 | |||||||||||||||||||||||||||||||
1 443 | |||||||||||||||||||||||||||||||
679 | +1 121 mn | +634 mn | |||||||||||||||||||||||||||||
494 | |||||||||||||||||||||||||||||||
y/y | |||||||||||||||||||||||||||||||
360 | 366 | ||||||||||||||||||||||||||||||
323 | |||||||||||||||||||||||||||||||
-63 | |||||||||||||||||||||||||||||||
1-3Q 22 | 1-3Q 23 | ||||||||||||||||||||||||||||||
3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 | |||||||||||||||||||||||||||
One-offs* | Net Income | ||||||||||||||||||||||||||||||
Record-breaking quarter for Alior Bank - improved efficiency, profitability, and portfolio quality
Assets (PLN bn)
+3%
86,3
84,1
Gross Loans (PLN bn)
+1%
63,7 | 64,4 |
Gross Performing Loans* (PLN bn)
+3%
58,3
56,6
3Q 22 | 3Q 23 |
3Q 22 | 3Q 23 |
3Q 22 | 3Q 23 |
C/I 3Q'23ROE 3Q'23COR 3Q'23
33.4% | 27.9% | 0.96% | ||
-26.2 p.p. y/y | +32.5 p.p. y/y | -0.68 p.p. y/y | ||
NPL 3Q'23 | NIM 3Q'23 | TCR 3Q'23 | ||
9.39% | 6.16% | 16.68% | ||
-1.59 p.p. y/y | +3.08 p.p. y/y | +2.98 p.p. y/y |
5 | * Volume of gross loans classified to stages 1 and 2 |
Good quarter for the Retail Customer segment
RETAIL
CUSTOMERS
Alior Bank provided all clients with access to Alior Pay. Due to this innovative solution Alior Bank's retail customer account holders may benefit from the option to defer transactions made on their account through the mobile app.
Since July 3 Alior Bank gave clients the opportunity to take advantage of the 2% Safe Mortgage product from the government's First Home Program. The program is aimed at young people planning to purchase their first real estate property.
Since July 25 Alior Bank offers the Home Savings Account. This is another element of the government's First Home Program.
LOAN SALES | MORTGAGE LOAN SALES | CONSUMER FINANCE SALES | MOBILE USERS |
1.5 PLN BN | 1.0 PLN BN | 1.4 PLN BN | 1.04 MN |
SPRZEDAŻ POŻYCZKI | |||
(+14% y/y) | (+125% y/y) | (+21% y/y) | (+18% y/y) |
6
Growth of the Bank's key products - mortgage loans*
RETAIL
CUSTOMERS
Sale of mortgage loans (PLN bn)
+125%
+65%
0,99
0,60
0,44 0,38 0,39
3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 |
Number of Customers with a mortgage loan (k)
+2% | ||||
75,3 | 75,0 | 74,7 | 75,1 | 76,5 |
3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 |
We have achieved the highest volume of mortgage loans sales in our history. In September monthly sales exceeded PLN mn 500 for the first time
6.4% | Market share of new sales in 3Q'23 |
7.4% | Market share of new sales in September 2023 |
Gross mortgage loan portfolio (PLN bn)
Market
+7%share
3.4%
17,0 (portfolio)
15,9 16,0 16,1 16,2
3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 |
7 | * Retail Customer - residential mortgage loans |
Alior remains a significant market participant for products associated with the First Home Program
RETAIL
CUSTOMERS
2% Safe Mortgage
Alior Bank, since the first day of the First Home Program, maintains high levels of interest in the offer and increases new sales volumes.
BK2% APPLICATIONS | VOLUME OF POSITIVE | SHARE OF BK2% IN |
SERVICED | BK2% DECISIONS | AGREEMENTS SIGNED* |
>18k | >1.2bn | 12% |
6% |
31/08
05/10
8 * share of signed agreements according to data as of 5/10/2023; source: ZBP
Growth of the Bank's key products - cash loans*
Sales of loans (PLN bn)
+14% | |||
-12% | |||
1,60 | 1,69 | ||
1,32 | 1,49 | ||
1,30 | |||
3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 |
We continue with our strategy for growth and increasing the share of remote sales by providing an attractive offer and cooperation with partners.
53% Share of remote sales**
RETAIL
CUSTOMERS
Number of Customers with a loan (k)
-2% | ||||
397 | 392 | 390 | 392 | 391 |
3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 |
Gross consumer loan portfolio (PLN bn) | ||||
-6% | ||||
17,7 | 16,9 | 16,7 | 16,6 | 16,7 |
Market
share
10.8%
(portfolio)
3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 |
9 * Retail Customer - consumer loans
- 3Q'23
Growth of the Bank's key products - Consumer Finance (CF) loans
RETAIL
CUSTOMERS
Sales of CF loans (PLN bn) | Number of CF Customers (k) | ||||||
+21% | +2% | ||||||
+21% | |||||||
1,42 | 1 349 | 1 367 | 1 282 | 1 318 | 1 372 | ||
1,17 | 1,18 | 1,17 | |||||
0,73 |
3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 | 3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 |
Gross loan portfolio (PLN bn) | |||||||||
Very good sales in 3Q'23. An increase of 21% compared to the | +2% | ||||||||
previous year and a 21% increase quarter to quarter. Alongside | 4,3 | 4,3 | 4,4 | ||||||
our Partners we carried out many initiatives through online | 4,0 | 4,1 | |||||||
Market share | |||||||||
channels and promotional campaigns in brick-and-mortar | |||||||||
stores as well as in e-commerce | 18% |
(portfolio) | |
In the online loan application process, we added an additional opportunity to authenticate identity through bank accounts based on the AIS PSD2 service. Our clients quickly appreciated the new loan process for its speed, reliability, and simplicity, documented by an NPS of 87% in 3Q'23.
3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 |
10
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Alior Bank SA published this content on 25 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2023 22:52:40 UTC.