Alior Bank first quarter results due April 24
Net profit forecast at 383 million zlotys, down nearly 20% y/y
April 23 (Reuters) - Polish lender Alior Bank ALRR.WA is expected to report a first-quarter net profit of 383 million zlotys ($106 million), down nearly 20% from a year earlier, driven mainly by a corporate income tax hike for banks and falling interest rates, a Reuters poll showed on Thursday.
The bank's net interest income is forecast to fall by over 4% year-on-year to 1.23 billion zlotys, as Poland's central bank enacted multiple rate cuts starting in May 2025, bringing the benchmark down to 3.75% from 5.75% by March 2026.
Net fee and commission income is expected to rise by almost 8% to 225 million zlotys.
(Figures in millions of zlotys unless stated otherwise)
FIRST QUARTER OF 2026
Net profit
Net Interest Income
Net Fee Income
Median
383
1229
225
Average
382
1234
225
Lowest
368
1227
219
Highest
396
1252
230
No. of forecasts
4
4
4
Q1 2025
476
1285
209
Q4 2025
688
1265
240
Forecasts provided by: Erste Group Research, Trigon DM, BM Millennium, DM BOS
($1 = 3.6278 zlotys)
(Reporting by Rafal Nowak in Gdansk
Editing by Kim Coghill)
((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))