Alior Bank had a larger than expected loss in the fourth quarter of 2012. The bank's net profit was zł.48.8 million, while analysts had forecast a loss of zł.21.7 million. Alior's profit on fees and commissions was zł.135.8 million in Q4 and the profit on interest was zł.192.8 million.

Analysts had expected zł.137.2 million and zł.229.1 million respectively. The bank's net profit for all of 2012 was zł.174.06 million.

At a press conference, Alior Bank's CEO Wojciech Sobieraj said that the bank is likely to post a net profit of zł.414 million in 2013. “When we were entering the stock exchange, we said that within four years, we would grow by 100 percent. This translates into 25 percent profit growth every year,” Deputy CEO Witold Skrok added.

Poland A.M