Poland's Alior Bank third-quarter net profit beats expectations

GDANSK, Oct 27 (Reuters) - Poland’s Alior Bank ALRR.WA reported a smaller-than-expected 16% drop in third-quarter net profit on Tuesday, as higher provisions for disputes and an increased CIT tax rate weighed on earnings.

The decline was partly offset by lower year-on-year net expected credit losses.

• Alior posted a net profit of 473.2 million zlotys ($120.13 million), beating the 420 million zlotys expected by analysts polled by Reuters.

• The bank's net interest income was 1.31 billion zlotys, above market expectations of 1.28 billion zlotys.

• Net fee and commission income reached 243.9 million zlotys, beating the forecast of 241 million zlotys.

• Net expected credit losses came in at 73.5 million zlotys versus 123.8 million zlotys a year ago.

• Sales of mortgage loans to retail customers rose 43% on the year in the third quarter to 1.83 billion zlotys.

($1 = 3.9390 zlotys)