Alior Bank S.A.

Regulatory Filings • Oct 30, 2024

Report Content Upgrade of Alior Bank S.A. rating assigned by rating agency FitchRatings Ltd.The Management Board of Alior Bank S.A. (_quot;Bank_quot;)informs that on October 30, 2024, the Fitch Ratings Ltd. rating agency(_quot;Fitch_quot;, _quot;Agency_quot;) informed the Bank about upgrading its LongTerm IDRrating to BB+ and maintaining the Short-Term IDR rating at B. Fitch hasalso upgraded the Bank's National Long-Term Rating to A-(pol) fromBBB+(pol) and Viability Rating (VR) of the Bank to bb+. The outlooks onthe Long-Term IDR and National Long-Term Rating are Stable.

The full list of ratings assigned by the Agency is as follows:1.Long-Term IDR: _#8216;BB+', stable outlook2. Short-Term IDR:_#8216;B'3. National Long-Term Rating: _#8216;A-(pol)', stableoutlook4. National Short-Term Rating): _#8216;F1(pol)'5.Viability Rating (VR): _#8216;bb+'6. Government SupportRating: _#8216;ns'

The Agency noted that the upgrade reflects continuing improvements inthe Bank's financial and business profile. According to the Agency, thegradual evolution of the Bank's loan book, with a greater focus onsecured lending and tighter underwriting discipline in the non-retailsegment, has led to an improvement in the Bank's asset qualityperformance and concentration metrics.

Definitions of Fitch ratings are available on the Agency's website atwww.fitchratings.com, where ratings criteria and methodologies are alsopublished.