3/19/2008

J&T BANKA in Moscow

Moscow - J&T FINANCE GROUP enters the banking market in the Russian federation and opens Джей энд Ти Банк (ЗАО), J&T BANK zao in English.

,,"In Russia we expect to repeat our successful strategy based on the concurrence and integration of various commercial activities in the centre of which there is always the Bank. We will continue our personal relationships with private banking clients. Many of them are our partners in different business projects," says Patrik Tkáč, founding member of J&T Group. "Within three years we would like to see J&T BANK among the top 100 Russian banks in terms of capital and assets. Its growing own business as well as positive dynamics of developments in the Russian financial sector should contribute to this," he adds.

J&T FINANCE GROUP, a.s. obtained a banking licence in the Russian Federation in April 2007 by acquiring a 100% share in Tretij Rim bank (ZAO) which had become a base for entering the Russian market. Following this, the bank was integrated and incorporated into the Group. In mid-February, the Central Bank of the Russian Federation approved a decision on registering a new wording of bank's articles of association and issuing a new licence specifying the new name Джей энд Ти Банк (ЗАО). The Federal Tax Service then registered the new name to the Unified National Register of Legal Entities in the beginning of March.

Similarly to the Czech Republic, Slovakia and Switzerland, J&T BANKA will focus on the provision of private and investment banking services in Russia, too.

Chairman of the board of directors in J&T BANKA in Moscow is Andrei Kuznecov. Chairman of the Director's Committee is Jozef Tkáč, president of J&T FINANCE GROUP.

J&T is one of the most important and fastest growing groups at the former Czechoslovak territory with the total value of assets amounting approximately to EUR 4 billion. The core businesses of the Group are private banking, investment banking; real estate development and power. The Group includes J&T BANKA Praha and J&T BANKA Bratislava; IBI Bank having its seat in Zurich is a part of the Group since 2004 and recently J&T BANKA Moscow was included into the Group. In the field of real estate development, J&T is a leader on the Slovak market, pursuing its activities also in the Czech Republic, Russian Federation, Central and Eastern European countries and in the Caribbean. Volume of investments planned by J&T in real estate development in the coming five years amounts to EUR 3.75 billion. In regards to the sector of energy, the J&T Group is an important strategic investor in the long-term. It plans to increase the installed power of its electricity power resources up to 1000 MW in total before 2012, spending approximately EUR 1 billion in this investment. For more information see http://www.jtfg.com/

author: Maroš Sýkora - hovorca, vedúci oddelenia PR