Event affecting Alior Bank S.A.'s financial results in the secondquarter of 2024 - update
With reference to current report No. 19/2024 of May 8, 2024, theManagement Board of Alior Bank S.A. (the _quot;Bank_quot;) hereby discloses anupdate concerning the cost of modification of loan agreements recognizedby the Bank pursuant to the Act of April 12, 2024, amending the Act onsupport for borrowers who have taken out a housing loan and are in adifficult financial situation and the Act on crowdfunding for economicprojects and assistance to borrowers (Journal of Laws of 2024, item 696)(_quot;Credit Moratoria_quot;).
Due to the slower than originally estimated inflow of applications forthe Credit Moratoria, submitted by the Bank's customers, as of today,the estimated cost related to the modification of loan agreements underthe Credit Moratoria is PLN 86 million, therefore the Bank decided toadjust the recognized cost related to the modification of loanagreements, about which the Bank informed on May 8, 2024, by PLN 31million.
The reduction of the Bank's profit before tax in the second quarter of2024 due to the Credit Moratoria will amount to PLN 86 million, insteadof the originally reported PLN 117 million.
The above estimate will be subject to periodic verifications, inparticular regarding the assumed level of customer participation, andits update will be included in the Bank's current financial results.