Alior Bank S.A. (ALR) Earnings Call Transcript & Summary

[Audio Gap] And then you will see a large confirm button. And only after pressing the confirm button, the vote will be submitted. If you ever decide to return on your vote, please have to press the return key. Ladies and gentlemen, thank you. Then we're now going to proceed to the selection -- the election of the Chairperson of our meeting. I see a representative of PZU, please. Unfortunately, the speaker is not using the microphone. So I cannot hear the speaker. Thank you. Are there any other candidates? If I -- I don't see any, so I have a question to you. Council is -- do you agree to be a candidate for the chairperson? All right. So I now order a vote on the draft resolution. You should now see the content of the resolution on your tablets, but let me read it. It's Resolution #1 of the Annual General Meeting of Alior Bank, the joint stock company of 16 June 2025 on the selection -- on the election of the Chairperson of the Annual General Meeting under Paragraph 16 of -- under the Code of Commercial Companies and the Articles of Association of the bank, the Annual General Meeting hereby appoints Sebastian Martin Rudnicki to be the Chairperson of this meeting and the resolution shall take effect upon its adoption. This is a vote by secret ballot. Please now cast your vote. Has everyone voted? I don't see any request to prolong the vote. Therefore, I close the vote. And let me read out the result. Number of votes cast, 92,961,589 valid votes cast out of 92,961, which is out of 589 shares, which makes 71% of the share capital. So all votes in favor. So please, you have a strong mandate. Do you accept the nomination?

I do.

All right. So now I would like to announce that attorney Sebastian Rudnicki is now taking over the chairing of this meeting. Please, now, sir, take your seat.

Good morning. My name is Sebastian Rudnicki. I would like to welcome you, welcome all the shareholders and their representatives. I would like to welcome members of Supervisory Board, of the Management Board. I would like to welcome Madam Notary. I would like to welcome all the support staff and representatives of the media. First of all, I would like to thank you for this appointment. I will have a pleasure and honor to chair this meeting. I would like -- now like to order preparation of the attendance list. I think the attendance list is ready now, and I would like to ask you to pass the list to me. Thank you. Let me sign the list. The attendance list will be provided for you to look into. Whoever wishes to look into the list is welcome to do so. I would like to declare that there is 92,000,589 shares represented in this meeting out of 130 million shares and votes in the share capital, which is approximately 71% of the total number of votes in the share capital. The announcement on convening this General Meeting was made on the 26th of May 2025 and was also published online on the same day. According to Article 48 Paragraph 1 of the Code of Commercial Companies, this meeting will be valid regardless of the number of votes represented and as Articles of Association do not foresee any other regulation as to that, therefore, this meeting convened formally under articles of -- the relevant Articles of the Code of Commercial Companies is appropriately convened and is valid to adopt binding resolutions. I would also like to declare that the draft resolutions were published on the website of the bank as appendices to the report and provided to the public in May 2025. Also on the 6th of May 2025, the Management Board of Alior Bank on the request of a shareholder, the PZU General Insurance Company under Article 401 of the Code of Commercial Companies, has extended the agenda of the Annual General Meeting to include the Point #19, which is to make changes in the composition of the Supervisory Board of the bank, which -- therefore, the last item is now Item 20 and the changes -- the proposed changes were published also on the website of the company as an appendix to the report and also provided also to the public on the 26th of May 2025. The draft resolutions also taking -- including the added items are available on your -- on the tablets, which you have at your disposal to vote, so you can look at them on the tablet. Due to the full -- due to the fact that the full wording of the resolution is available to you, I propose that we vote without reading out the content of the resolutions. This has been the practice so far. So if you do not object, then I propose that we proceed in such abridged manner. At the same time, I would like to inform you that under Article 411 Paragraph 3 of the Code of Commercial Companies and also Paragraph 15.2 of the Articles of Association of Alior Bank, you can execute your right to vote differently on different shares. So you can abstain on one share and vote for from the other share. So -- because we have a lot of items to proceed with, please try to move on smoothly between the items, and I would like to ask you to ask questions that are relevant to a given item on the agenda. So now let us move to Item 4 of the agenda. So the adoption of the agenda itself. Unfortunately, the speaker does not use the mic, so cannot be...

I would like to ask for Point 14 of the agenda, so the adequacy statement to be moved to after the Item 19 on the changes of the Supervisory Board, so we can proceed with the changes in the Supervisory Board according to the existing policy and not to the policy to be adopted by today's meeting.

Any other requests or comments? If there are none, then I propose that we vote on. Unfortunately, this speaker does not use the mic, so I would now like to announce a 15-minute break. [Break]

A resolution on the adoption of the agenda of this general meeting. The Annual General Meeting has adopted the following resolution. First, opening of the meeting; election of the chairperson; 3, verification whether the Annual General Meeting has been convened correctly and is capable of adopting binding resolutions for adoption of the agenda; 5, presentation and review of the financial statements of the bank, the consolidated financial statements of the bank's capital group for the year '24, also report of the Management Board on the activities of the bank, including the report of the Management Board on the statement on sustainable development. 6, presentation and review of the report on the activities of the Supervisory Board of the bank in the year ended on the 31st December 2024. Presentation -- 7, presentations at the Annual Meeting of the list of amendments to the regulations of the Supervisory Board. 8, presentation to the General Meeting of the report on the assessment of the application of corporate governance principles for supervised institutions. 9, adoption of resolutions on review and approval of the report on the activities of the Supervisory Board review and approval of the financial statements of Alior Bank for the year 2024 and review and approval of the consolidated financial statements of Alior Bank for the year ended 31st December 2024. Then we have review and approval of the report on the Management Board on the activities of the capital group and the statement on sustainable development. 10. Adoption of the resolution on the distribution of the profits of the bank for the year 2024. 11. Adoption of resolutions on granting discharge to members of the Management Board for performance of their duties in 2024. Adoption on granting discharge to members of the Supervisory Board on performance of their duties in 2024. 13. Adoption of a resolution on the position of the general meeting on the assessment of the functioning of remuneration policy in effect of the bank. 14. Adoption of the resolution on the adoption of the updated policy for the selection and suitability assessment of members of Supervisory Board. 15. Adoption of a resolution on the assessment of the collective suitability of the Supervisory Board. 16. Adoption of a resolution on opinion on the report and the remuneration. 17. Adoption of resolution on the changes in the Articles of Association. 19. Adoption of a resolution on the updated policy of selection and suitability of members of the Supervisory Board. I would now like to open the vote on the -- on adoption of this agenda. [Voting]

Has everyone who has wished to vote voted? I therefore close the vote. All right, I understand the vote is still going on, so let us wait a bit. Has anyone who wish to vote has not voted yet? All right. I understand that everyone has executed their right to vote, so either for close the vote on the resolution on the adoption of the agenda for this meeting. 91,140,587 valid votes were cast in the vote, which is 69.81% of the share capital. In favor, 76,323,500 votes; against, 1 vote; abstentions, 14,817,086 votes. Therefore, I declare that this resolution has been adopted. So we may now proceed. I propose that items from 5 to 8, according to the tradition of the meetings of this bank should be considered jointly. I don't see any objection to that. So I adopt this manner of proceeding. All right. We are going to take -- record this objection, and we will move one item after the other. Now Item 5, presentation and review of the financial statements and the consolidated financial statements and the report of the Management Board on the activities of the bank. The reports have been published by the bank on its website. The reports have also been presented in the form of periodic reports, they have also been presented during investor conferences, and they are also included in the tablets that you have. So due to the above, I would now like to open a discussion on the reports. Please, if anyone wishes to ask a question on this item of the agenda, please do so now. I don't see any questions. So now we move on to Item 6. Presentation and review of the report on the activities of the Supervisory Board of the bank in the financial year ended 31st December 2024. I now open a discussion for this item. I don't see any persons stand. Question, and we move on to Item 7, presentation to the Annual General Meeting of the list of amendments made to the regulations of the Supervisory Board. I open discussion. I don't see anyone willing to speak. We move on to Item 8. Presentation to the Annual General Meeting of the report on the assessment of application by the Alior Bank SA of the corporate governance principle for Supervisory Institutions year 2024. I open discussion on this item. No one is willing to speak, so I close the discussion. And we move on to Item 9. Adoption of resolutions on a review and approval of the report of Activities Supervisory Board in 2024 ended 31st December 2024. So I order a vote on the Resolution #3 of the Annual General Meeting on review and approval of the report of the activities of the Supervisory Board of the -- in the financial year ended 31st December 2024. Please cast your votes. [Voting]

Has anyone who would like still to cast their votes? No, everybody has voted. So I close the vote. Please give me the results. 92,961,589 valid votes were cast from the same number of votes, representing 71.2% of the share capital, 92,342,361, for, against, 3,317; and abstentions, 215,911 votes. In light of this, the resolution has been adopted. So now we can move on to Item 9b. Review and approval of the financial statements of the Alior Bank SA for the year ended 31st December 2024. I order the votes, an open vote on a resolution to review and approve the financial statements of the bank for the year ended 31st December 2024. [Voting]

Has everyone voted, if they wish to? Everyone has voted. So I close the vote. Please give me the results. 92,961,589 valid votes were cast, representing the same number of shares, representing 71.2% of the share capital. For the adoption of the resolution, 92,115,804; against, 629,874; and abstention, 215,911. So in light of this, I confirm that the resolution has been adopted. Now we move to Item 9d of this agenda, which is review and approve the report of the Management Board of the activities of the Alior Bank Capital Group in 2024. I order a vote on the draft resolution on this matter. [Voting]

[Foreign Language] Has everyone voted? And hasn't done so. So I close the vote, and please give me the results. 92,961,889 valid votes were cast, representing the same number of shares and representing 71.2% of the share capital. For, 79,417,369; against, 7,128,624; and abstentions, 6,415,596. So in light of this, I confirm that the resolution has been adopted. So now I order a vote on another resolution in a secret ballot to grant discharge for the deployments of duties in the financial year 2024 to Mr. Wojciech Przybyl. I open the vote. [Voting]

Has everyone voted? I can see that everyone has voted. So I close the vote to -- give me the results. 92,961,589 valid votes were cast representing the same number of shares and representing 71.2% of the share capital. And for, 79,417,369; against, 7,128,624; and abstention, 6,415,596 votes. In light of this, I confirm that the resolution has been adopted. I order votes on the resolution to grant discharge for the performance of duties in the financial year 2024 to Mr. Zdzislaw Adam Wojtera. Please cast your votes. [Voting]

Has anyone not voted yet? I don't see anyone. So now I close the vote. Can I have the result, please? 92,961,589 valid votes were cast in the vote, which represents 71.2% of the share capital; for, 79,416,369; against, 7,128,624; abstaining, 6,415,596. Therefore, this resolution has been adopted. I would now like to order a vote on the next resolution on granting discharge to -- from performance of duties to Mr. Radomir Gibala. So now please vote. [Voting]

Has anyone wish to vote and has not done so? If not, then I close this vote, and I would like to ask for the result. 92,961,589 valid votes were cast in this vote, representing 71.2% of the share capital. For, 79,417,370 votes; against, 7,128,623 votes; abstaining, 6,415,596 votes. Therefore, I would like to declare that this resolution has been adopted. I would now like to open the vote on granting discharge in the year 2024 -- for the year 2024 to Mr. Tomasz Miklas. Please vote now. [Voting]

Has anyone wish to vote and has not voted yet? I don't see anyone, so I close the vote. 92,961,442 votes cast of the same number of shares, representing 71.2% of the share capital. In favor of the resolution, 79,417,222 votes were cast; against, 7,128,623 votes; abstaining, 6,415,597 votes. [indiscernible] that this resolution has been adopted. Now I open a vote on granting discharge for the performance of duties in the financial year 2024 to Mr. Grzegorz Olszewski. I now open the vote. [Voting]

Has anyone wish to vote and has not done so? If not, then I close the vote, and I would like to ask for the results. 92,961,588 valid votes were cast in the vote, out of the same number of shares representing 71.2% of the share capital. For, 28,253,179 votes; against, 9,681,041; abstaining, 55,027,678 votes. Due to the results, this resolution has not been adopted. I would now like to order a vote on the resolution granting discharge for the performance of duties in 2024 to Mr. Pawel Wladyslaw Broniewski. I would now like to open the vote. [Voting]

Has anyone wanted to vote and has not done so? If not, then I close the vote. Can I see the results, please? 92,971,589 valid votes were cast, out of the same number of shares, representing 71.2% of the share capital. In favor, 28,253,180 votes; against, 9,681,041 votes; abstaining, 55,027,368 votes. In light of the results, I declare that this resolution has not been adopted. I now open the vote on resolution on granting discharge for the performance of duties in the year 2024 to Mr. Szymon Stefan Kaminski. I open the vote now. [Voting]

Has anyone wanted to vote and has not done so? I don't see anyone. I close the vote, and I would like to ask for the results. 92,961,589 valid votes were cast out of the same number of shares, representing 71.2% of the share capital. For, 79,417,371; against, 7,128,622; abstaining, 6,450,596. In light of the results, I would like to declare that this resolution has been adopted. I now order a vote on the resolution on granting discharge for the performance of duties in the financial year 2024 to Mr. Rafal Gedymin Litwinczuk. I would like you to vote now. [Voting]

Has anyone wish to vote and has not done so? If not, then I close the vote, and I would like to ask for the results. 92,961,589 valid votes were cast out of the same number of shares, representing 71.2% of the share capital. In favor, 79,417,371; against, 7,128,622; abstention, 6,415,596 votes. So this resolution has been adopted. I now open the vote on the resolution on granting discharge for the performance of duties in the financial year 2024 to Mr. Pawel Leszek Tymczyszyn. I now open the vote. [Voting]

Has anyone wish to vote and has not done so? If not, then I close the vote, and I would like to see the results, please. 92,961,588 valid votes were cast, of the same number of shares representing 71.2% of the share capital. In favor, 28,253,179 votes; against, 9,681,041 votes; abstaining, 55,027,368 votes. In light of the results, I would like to declare that this resolution has not been adopted. I would now like to order a vote on granting discharge for the performance of duties in the financial year 2024 to Mr. Jacek Polanczyk. Please vote now. [Voting]

Has anyone wish to vote and not done so? If not, then I close the vote. 92,961,589 valid votes were cast out of the same number of shares, representing 71.2% of the share capital. In favor, 79,417,371 votes; against, 7,128,622 votes; abstaining, 6,415,596 votes. Therefore, this resolution has been adopted. Now I open the vote on the resolution on granting discharge to a member of the Supervisory Board delegated to temporarily perform the duties of the Vice President of the bank's Management Board in the financial year 2024 to Mr. Artur Cholody. Please, I now open the vote. [Voting]

Has anyone wish to vote and has not done so? If not, I close the vote, and I would like to ask for the results. 92,961,589 valid votes were cast all of the same number of shares, representing 71.2% of the share capital. For, 79,449,200 votes; against, 7,128,624 votes; abstaining, 6,383,765 votes. Therefore, I declare that this resolution has been adopted. Now let me move to Item 12 of the agenda, which is adoption of resolutions on granting discharge to members of the Supervisory Board. Here, we will also vote by secret ballot. Any motions as to this item? If not, then I now order a vote on resolution on granting discharge for the performance of duties in the financial year 2024 to Mr. Jan Pawel Zimowicz. Please vote now. [Voting]

Has anyone wished to vote and has not done so? I don't see anyone, so I now close the vote. Can I have the results, please? 92,961,589 valid votes out of the same number of shares were cast, representing 71.2% of the share capital. For, 90,011,771 votes; against, 2,703,567 votes; abstaining, 246,251 votes. So this resolution has been adopted. So I order a vote on the resolution to grant discharge for the performance of duties in the financial year 2024 to Mr. Artur Jaroslaw Kucharski. Please cast your votes. [Voting]

Has everyone wanted to vote and didn't do so? I can't see anyone. So I close the vote. Please give me the results. 92,961,589 valid votes were cast, representing the same number of shares and representing 71.2% of the share capital. For, 90,011,771 votes; against, 2,703,563 votes; and abstentions, 246,252 votes. So in light of this, I confirm that the resolutions been adopted. Now I order a vote on the resolution to grant discharge for the performance of his duties in the year 2024 to Mr. Maciej Jacek Gutowski. Please cast your votes. [Voting]

Has everyone wanted to vote and hasn't done so? I can't see anyone. So I close the vote, and please give me the results. 92,961,589 valid votes were cast, representing the same number of shares and also representing 71.2% of share capital. For, 90,011,771 votes; against, 2,703,567 votes; and there were 246,251 abstentions. In light of this, I confirm that the resolution been adopted. I now order a vote on the resolution to grant discharge for the performance of duties in the financial year 2024 to Mr. Radoslaw Grabowski. Please cast your votes. [Voting]

Has everyone wanted to vote but hasn't done so? I can't see anyone. So I close the vote. Please give me the results. 92,961,589 valid vote were cast, representing the same number of shares and representing 71.2% of the share capital. For, 90,011,771 votes; against, 2,703,567; and abstentions, 246,261. In light of this, I confirm that the resolution has been adopted. Now I order a vote on the resolution to grant discharge for the performance of his duties in the financial year 2024 to Mr. Robert Pusz. Please cast your votes. [Voting]

Has everyone wanted to vote and hasn't done so? No, I can't see anyone. So I close the vote. Please give me the results. 92,961,581 valid votes were cast in the vote, representing the same number of shares and 71.2% of the share capital. Again -- sorry, for, 90,011,771 votes; against, 2,703,567 votes, and they were 246,251 abstentions. In light of this, I confirm that the resolution has been adopted. Now I order a vote on the resolution to grant discharge for the performance of his duties in the financial year 2024 to Mr. Filip Aleksander Majdowski. Please cast your votes. [Voting]

Has everyone wanted to vote, but hasn't done so? No, I can't see anyone, so I close the vote. Please give me the results. And 92,961,589 valid votes were cast, representing the same number of shares and representing 71.2% of the share capital. For, 90,011,773 votes; against, 2,703,565 votes; 246,251 abstentions. In light of this, I confirm that the resolution has been adopted. Now I order a vote on a resolution to grant discharge for the performance of his duties in the final year 2024 to Mr. Ernest Gerard Bejda. Please cast your votes. [Voting]

Has everyone voted? Everyone has voted. So I close the votes. Please give me the results. 92,961,580 valid votes were cast, representing the same number of shares and 71.2% of the share capital. For the adoption of resolution, 90,011,772 votes; against, 2,703,565 votes; and there were 246,251 abstentions. In light of this, I confirm that the resolution being adopted. Now I order of votes the grant discharge for the performance of his duties in the financial year 2024 to Mr. Pawel Wojciech Knop. Please cast your votes. [Voting]

Has someone wanted to vote and hasn't done so? No, I can't see anyone. So I close the vote. Please give me the results. 92,961,589 valid votes were cast in the votes representing the same number of shares and 71.2% of the share capital. For the adoption of resolution, 90,011,773 votes; against, 2,703,565 votes; and there were 246,251 abstentions. In light of this, the resolution has been adopted. Now I order a vote on resolution to grant discharge for the performance of his duties in the financial year 2024 to Mr. Marek Pietrzak. Please cast your votes. [Voting]

Has someone wanted to vote and hasn't done so? No, I can't see anyone. So I close the vote. Please give me the results. 92,961,588 valid votes were cast, representing the same number of shares and 71.2% of the share capital. For, 90,011,772 votes; against, 2,703,565 votes; and there were 246,251 abstentions. In light of this, I declare that the resolution has been adopted. I order a vote on the resolution to grant discharge for the performance of his duties in the financial year 2024 to Mr. Dominik Mikolaj Witek. Please cast your votes. [Voting]

Has anyone who wanted to vote and hasn't done so? No, I can't see anyone. So I close the vote. Please give me the results. 92,961,589 valid votes were cast in the vote, representing the same number of shares and 71.2% of the share capital. For, 90,011,773 votes; against, 2,703,565 votes; and there were 246,251 abstentions. In light of this, I confirm that the resolution has been adopted. Now I order a vote on granting discharge on the performance of her duties in the financial year 2024 to Ms. Malgorzata Erlich-Smurzynska. Please cast your votes. [Voting]

Has anyone who wanted to vote, but hasn't done so? So I can't see anyone, so I close the vote, and please give me the results. 92,961,589 valid votes were cast, representing the same number of shares and 71.2% of share capital. For, 90,011,773 votes; against, 2,703,565 votes; and there were 246,251 abstentions. In light of this, I declare that the resolution been adopted. Now I order a vote on a resolution to grant discharge for the performance of his duties in the financial year 2024 to Mr. Jacek Pawel Kij. Please cast your votes. [Voting]

Has anyone wanted to vote, but hasn't done so? I can't see anyone. So I close the vote. Please give you the results. 92,961,589 valid votes were cast, representing the same number of shares and 71.20% of the share capital. For, the resolution, 90,011,624 votes; against 2,703,714 votes; and there were 246,251 abstentions. In light of this, I confirm that the resolution has been adopted. Now I order a vote on the resolution to grant discharge for the performance of his duties in the financial year 2024 to Mr. Jaroslaw Jerzy Mastalerz. Please cast your votes. [Voting]

Has anyone wanted to vote, but hasn't done so? I can't see anyone, so please give me the results. 92,961,589 valid votes were cast, representing same number of shares and 71.20% of the share capital. For, 90,011,624 votes; against, 2,703,714 votes; and there were 246,251 abstentions. In light of this, I declare that the resolution has been adopted. Now I order vote on granting discharge on the performance of his duties in the financial year 2024 to Mr. Artur Cholody. Please cast your votes. [Voting]

Has anyone wanted to vote, but hasn't done so? I can't see anyone, so I close the vote. Please give me the results. 92,961,589 valid votes were cast in the vote represent the same number of shares and 71.2% of the share capital. For, 90,011,771 shares vote for; against, 2,703,567 against; and 246,251 abstentions. So now I would like to order the solution to grant discharge for the performance of his duties in the financial year 2024 to Mr. Pawel Augustyn Wajda. Please cast your votes. [Voting]

Has anyone who wanted to vote, but hasn't done so? I can't see anyone. So I close the vote. Please give me the results. 92,961,589 votes were cast, representing the same number of shares and 71.2% of share capital. For, 90,011,771; against, 2,703,567 votes; and abstentions, 246,251 abstentions. So in light of this, I declare that the resolution has been adopted. Now I order a vote on the resolution to grant discharge for the performance of his duties in the financial year 2024 to Mr. Rafal Tadeusz Janczura. Please cast your votes. [Voting]

Has anyone who wanted to vote but hasn't done? I can't see anyone. So I close the vote. Please give me the results. 92,961,589 valid votes were costs, representing the same number of shares and 71.2% of the share capital. For, 90,011,771 votes; against, 2,703,566 votes; and there were 246,252 abstentions. In light of this, I declare that the resolution has been adopted. Now let us move to Item 13 of the agenda, which is adoption of the resolution on the position of the general meeting of the bank regarding the assessment of the functioning of the remuneration policy in effect of the bank. Are there any motions to this item? If not, then I now order a vote by open ballot on the resolution of the position of the Annual Meeting of the bank regarding the assessment of the functioning of the remuneration policy in the fact that the bank, the resolution has been prepared by the Management Board. Please vote now. [Voting]

Has anyone wanted to vote, but hasn't done so? I don't see anyone. So I close the vote. Can I have the results, please? 92,961,589 valid votes were cast of the same number of shares, representing 71.2% of the share capital. In favor, 92,820,771 votes; against, 140,818; no abstentions. Therefore, I would like to declare that this resolution has been adopted. Now let us move to Item 14 of the agenda, which is adoption of a resolution on the assessment of the collective suitability of the Supervisory Board of Alior Bank. Any motions to this item? I don't see any. So I now order an open vote on the assessment of the collectibility of the Supervisory Board. The draft resolution has been proposed by the Management Board, and I now open the vote. [Voting]

Has anyone wanted to vote, but hasn't done so? I don't see anyone, so I close the vote. Can I have the results, please? 92,961,589 valid votes were cast, out of the same number of shares, representing 71.2% of the share capital. In favor, 92,961,587 votes; against 2 votes; no abstentions. So this resolution has been adopted. Let us move to Item 15, which is adoption of the resolution on expressing an opinion on the report on the remuneration of members of the Management Board and the Supervisory Board of Alior Bank for the year 2024, submitted by the Supervisory Board of the bank. Are there any motions to this item? If not, then I now open the vote on expressing an opinion on the report on the remuneration of the members of the Management Board and Supervisory Board of Alior Bank for 2024 in accordance with the proposal of the Management Board. I now open the vote. [Voting]

Has anyone wanted to vote, but hasn't done so? I don't see anyone. Therefore, I close the vote. Can I have the results, please? 92,961,589 valid votes were cast, out of the same number of shares, representing 71.2% of the share capital. In favor, 78,301,036 votes; against, 14,660,553 votes. There were no abstentions. So I declare that this resolution has been adopted. Let us move to Item 16 of the agenda, which is adoption of a resolution on assessment of adequacy of internal regulations concerning the functioning of the Supervisory Board of Alior Bank and its effectiveness. Any motions to this item? I don't see any, so I now open a vote on adoption of a resolution on the assessment of the adequacy of internal regulations concerning the functioning of the Supervisory Board of Alior Bank and its effectiveness. The wording of the proposal of the draft resolution is -- has been proposed by the Management Board. I now open the vote. [Voting]

Has anyone wanted to vote and hasn't done so? I don't see anyone, so I now close the vote. Can I have the results of the vote now? In favor, 92,961,589 -- in favor, 92,961,587; against 2 votes, no abstentions. So I declare that this resolution has been adopted. Now let us move to Item 17 of the agenda, which is adoption of a resolution on the amendments to the Articles of Association of Alior Bank. Are there any motions to this item? I don't see any, so I now open a vote on the resolution amending the Articles of Association of Alior Bank. The wording of the resolution has been proposed by the Management Board. I now open the vote. [Voting]

Has anyone wished to vote and hasn't done so? I don't see anyone. So I now close the vote. Can I have the results, please? 92,961,589 valid votes were cast of the same number of shares, representing 71.2% of the share capital. In favor, 92,961,588 votes and no against, 1 abstention. So this resolution has been adopted. I now move to Item 18, adoption of resolutions on changes in the composition of the Supervisory Board. On the 7th of July -- until 7th of July 10 a.m., do you need a technical break in order to make a decision on this before the vote? Okay. I now order a 10-minute break. [Break]

I hereby reopen the meeting, the representative of PZU proposed a motion on announcing a break in the meeting until the 7th of July 2025. I would now read out the resolution. The resolution on announcing a break in the General Meeting of Alior Bank, the Annual General Meeting under Article 408, Paragraph 2 of the Code of commercial companies has decided to announce a break in the meeting until the 7th of July 2025, at 10 a.m., the meeting shall reconvene at Lopuszanska street 38C in the training and recruitment center of the bank at the first floor on the 7th of July 2010 (sic) [ 2025 ] at 10:00 a.m. The resolution enters into force upon its adoption. I now open the vote on the resolution. [Voting]

Has anyone wanted to cast their vote, but hasn't done so yet? I don't see anyone. Therefore, I close the vote. Can I have the results, please. 91,140,438 valid votes were cast out of the same number of shares, representing 69.8% of the share capital. In favor of the resolution, 76,323,327 votes; against, 25 votes; abstentions, 14,817,086 votes. Therefore, this resolution has reached the required 2/3 majority of votes and has been adopted. Therefore, we now have a break in the General Meeting until the 7th of July. I would like to thank you, therefore, for your participation so far. Thank you.