Report Publication Announcement • May 8, 2024
Report Publication Announcement
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Report Content Event affecting Alior Bank S.A.'s financial results in the secondquarter of 2024
To ensure consistent and accurate communication with capital marketparticipants, the Management Board of Alior Bank S.A. (_quot;the Bank_quot;)hereby discloses information regarding the event materially affectingthe Bank's financial results in the second quarter of 2024.
Following the publication on May 7, 2024, in the Journal of Laws the Actfrom April 12, 2024, amending the Act on support for borrowers who havea housing loan and are in a difficult financial situation and the Act oncrowdfunding for business ventures and assistance to borrowers (Journalof Laws 2024, item 696) which will enter into force 7 days from the dateof announcement, that enables customers to suspend the execution of amortgage loan agreement concluded to satisfy their housing needs, theBank will recognize an expense related to the modification of loanagreements in this regard in the amount of approximately PLN 117million, which will be recognized as a deduction from the profit beforetax in the second quarter of 2024.
The above cost was estimated on the assumption that borrowersrepresenting 31% of the value of the Bank's PLN mortgage loan portfolioare entitled to and will decide to participate.
This estimate will be reviewed periodically, in particular regarding theassumed participation level of customers. The updates will be recognisedin the Bank's next reported financial results.
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