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Mid-size Polish universal bank majority owned by state insurer PZU, offering retail and corporate banking.
Mid-size Polish universal bank majority owned by state insurer PZU, offering retail and corporate banking.
Earns mostly net interest on consumer, mortgage and business loans funded by deposits, with fees from accounts, cards and the insurance and investment products it sells. PZU, a state-controlled insurer, is the largest shareholder. The bank became known for fast-growing consumer lending and digital accounts.
In one line: A mid-size Polish universal bank (PZU-controlled).
Moat: narrow (switching costs, distribution). Established retail/corporate banking franchise with digital banking capabilities, backed by PZU ownership.
Headquarters: Warsaw, Poland · Founded: 2008 · Employees: 6,740
Size Alior Bank (ALR.WA) is a Poland Financials company (Regional Banks) with a market value of $4.59B, the 22nd largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 137.80 on 6 Nov 2026.
Performance Over six months the shares gained 14.9%, against +7.8% for the median peer and +14.3% for the Poland market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 7.0% over the last twelve months (peer median +3.1%); the operating margin is 45.2% (peer median 43.7%).
Valuation It trades at 1.42× book value against a peer median of 1.27× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 20.0%; Alior Bank delivers 15.6%, so the price asks more than the business earns today.
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 7.83B | PLN 8.33B | PLN 8.66B | PLN 9.36B | PLN 7.09B |
| Revenue growth | — | -4% | -8% | +32% | — |
| Net income | PLN 1.93B | PLN 2.37B | PLN 2.45B | PLN 2.03B | PLN 683M |
| Free cash flow | PLN 2.87B | PLN 2.90B | PLN 1.29B | PLN 2.93B | PLN 1.80B |
| Capital expenditure | PLN 273M | PLN 239M | PLN 189M | PLN 170M | PLN 150M |
| Total debt | PLN 3.39B | PLN 2.64B | PLN 2.43B | PLN 4.35B | PLN 2.98B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Alior Bank ALR.WA | $4.59B | +15% | -7% | 16% | 1.42× | 20.0% |
| PKO Bank Polski PKO.WA | $36.5B | +18% | -2% | 20% | 2.56× | 31.9% |
| mBank MBK.WA | $17.7B | +37% | -1% | 19% | 3.05× | 37.6% |
| Bank Handlowy w Warszawie BHW.WA | $4.09B | +7% | -22% | 17% | 1.72× | 17.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ALR.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.3% | +3.8% | 9th highest of 21 |
| 6-month return | +14.9% | +7.8% | 4th highest of 21 |
| Return on equity | 15.6% | 9.6% | 6th highest of 21 |
| Price / book | 1.42× | 1.27× | 7th most expensive of 21 |
| Trailing P/E | 9.3× | 12.8× | 4th cheapest of 19 |
| ROE the price implies | 20.0% | 9.8% | most demanding of 19 |
| ROE delivered | 15.6% | 9.6% | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Alior Bank ALR.WA | Poland | $4.59B | +15% | -7% | 16% | 1.42× | 20.0% | 15.6% |
| ServisFirst Bancshares SFBS | United States | $4.49B | +2% | +5% | 18% | 2.21× | 17.2% | 17.9% |
| United Community Banks UCB | United States | $4.43B | +11% | -18% | 4% | 1.26× | 10.9% | 4.1% |
| Bank of Qingdao 002948.SZ | China | $4.78B | +3% | +3% | 13% | 0.85× | 5.0% | 12.9% |
| Noba Bank NOBA.ST | Sweden | $4.81B | +20% | +6% | 17% | 1.82× | 6.9% | 17.0% |
| Bendigo & Adelaide Bank BEN.AX | Australia | $4.36B | +5% | -6% | 6% | 0.93× | 11.0% | 5.6% |
| Cathay General Bancorp CATY | United States | $4.24B | +12% | +3% | 12% | 1.39× | 11.8% | 12.2% |
| International Bancshares IBOC | United States | $4.20B | -8% | +2% | 13% | 1.25× | 9.8% | 12.9% |
| Berner Kantonalbank BEKN.SW | Switzerland | $5.07B | +17% | -4% | 7% | 1.34× | n/a | 6.6% |
| Bank Handlowy w Warszawie BHW.WA | Poland | $4.09B | +7% | -22% | 17% | 1.72× | 17.1% | 16.7% |
| Eastern Bankshares EBC | United States | $5.22B | +14% | +61% | 10% | 1.23× | 9.6% | 9.5% |
| Zuger Kantonalbank ZUGER.SW | Switzerland | $4.04B | +8% | -10% | 8% | 2.03× | n/a | 8.3% |
| Hokuhoku Financial 8377.T | Japan | $5.25B | +53% | +27% | 10% | 1.10× | 7.7% | 9.7% |
| CVB Financial CVBF | United States | $3.99B | +12% | +23% | 9% | 1.27× | 9.8% | 8.6% |
| Independent Bank INDB | United States | $3.94B | +8% | +25% | 9% | 1.14× | 9.5% | 9.3% |
| Grupo Financiero Galicia SA Sponsored ADR GGAL | United States | $5.36B | -30% | +3% | 2% | 0.76× | 9.6% | 2.0% |
| First Bancorp FBP | United States | $3.92B | +8% | +3% | 19% | 2.09× | 15.7% | 19.4% |
| Intercorp Financial Services IFS | United States | $5.38B | +4% | +9% | 17% | 1.36× | 10.5% | 17.4% |
| Hirogin 7337.T | Japan | $3.89B | +9% | +26% | 8% | 0.99× | 7.4% | 8.2% |
| BancFirst BANF | United States | $3.87B | +2% | -3% | 14% | 1.94× | 12.7% | 13.6% |
| Taiwan Business Bank 2834.TW | Taiwan | $5.46B | +7% | -16% | 9% | 1.23× | 4.5% | 9.2% |