Alior Bank Achieved Operating Break Even In Record Time Of 22 Months

Poland (I-Newswire) November 17, 2010 - Alior Bank achieved operating profitability in the 22nd month of its activity, ie. seven months earlier than expected in the business plan. For the second month in a row, the Bank showed a profit of 1.0 million zlotys in September and 2.4 million zlotys in October 2010. Also, the Bank intends to report profit throughout the fourth quarter of 2010.

"We have repeatedly informed you that we will achieve break even this year and have kept our word. I note with satisfaction that not only in record time we reached profitability, but also kept the highest standard of services with a significant increase in customers, transactions, products and services offered. This result, which directly translates into customer satisfaction, we welcome the most. "- said Wojciech Sobieraj, CEO Alior Bank.

The universal character of Alior Bank is reflected in a balanced revenue structure: 63% of their value is generated by the retail segment, 35% by business customers, and 2% by the bank's other operations. In the retail segment, consumer loans represent 46% of revenues, mortgage - 10%, current accounts - 15% and investment and insurance products - 11%. In turn, in the business customers’ segment loans account for 44% of revenues, current accounts - 25%, and treasury products - 23%.

The major revenue growth drivers were the Bank's current accounts, personal loans, mortgages and credit cards. The Bank currently has 4.6% market share in the sale of new mortgage loans, 1.8% in current accounts, 1.1% in consumer loans and 0.8% in credit cards.

In 2010, Alior Bank has acquired between 1000 and 2500 customers a day. Currently, the Bank's products and services benefit more than 650,000 customers, including 58,000 businesses. As of November 2010, deposits obtained exceeded 6.8 billion zlotys and the amount of granted loans - 5.2 billion zlotys. This year's increase in the volume of deposits was 67.5% and 92.6% of loans.

So far the Bank has built a nationwide distribution network consisting of 180 own branches, of which nearly 90% already cover their monthly costs. By the end of 2010, Alior Bank customers will be served in 200 branches and nearly 100 partner outlets.

In addition to the fast pace of development and innovative products the success of Alior Bank is its experienced and competent staff. Of the 3,100 people working in Alior Bank until two thirds of employees have direct customer contact. In recognition of his merits as a good employer Alior Bank has twice won the title of "The Best Workplace" and the certificate "Investor in Human Capital."

Moreover, the Bank has been repeatedly recognized for innovation in the field of banking services. The highest standards of the Bank’s service quality were confirmed by prestigious rankings prepared by the editors of "Forbes" and "Newsweek" magazines. The Bank has received three of the four major awards in two consecutive editions of the ranking of the "Newsweek Friendly Bank“. In addition, Forbes magazine admitted Alior Bank respectively the first (2009) and second (2010) in the ranking of "Best Bank for Businesses". Moreover, the Brokerage House of Alior Bank two years in a row ranked first in the "Forbes’" and the Association of Individual Investors' “Best Broker for Individual Investors" ranking.

In 2011, Alior Bank wants to maintain a dynamic pace of development and at the same time strengthen its position in strategic market segments of banking services for retail customers
and business. Moreover, in 2011 the Bank plans to report 100 million in profit and achieve a satisfactory level of ROE, C / I, CAR. Equally important will be the intensive development of loan products for individual customers and further exploitation of the Brokerage House potential, providing the perfect combination of brokerage services and banking services.

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