June 1, 2020 / 6:41 AM / a month ago

BRIEF-Alior Bank Says Rate Cuts To Lower Group's Net Result By 116-133 Mln Zlotys Quarterly

June 1 (Reuters) - Alior Bank SA:

* SAID ON FRIDAY THAT DUE TO DECISIONS OF POLAND’S MONETARY POLICY COUNCIL REGARDING RATE CUTS GROUP’S NET RESULT WILL BE LOWER IN TOTAL BY ABOUT 116-133 MILLION ZLOTYS QUARTERLY AND NIM WILL BE REDUCED BY 0.79-0.91 PPT.

* THE BANK’S TIER1 AND TCR REMAIN AT STABLE HIGH LEVEL

* THE BANK CONTINUES IMPLEMENTATION OF ITS STRATEGY Source text for Eikon:

Further company coverage: (Gdansk Newsroom)

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