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J&T BANKA increases registered capital by 5.7 billion crowns

16. December 2013

J&T BANKA has increased its registered capital by 5.7 billion crowns in the form of a subscription of new shares. The bank’s sole shareholder already decided on the increase in November; the registration in the Commercial Register became effective on 10 December 2013. According to preliminary results, equity should total approximately 13 billion crowns by the end of this year, with capital adequacy growing by more than two percentage points to over 15%.

“J&T BANKA has long been strengthening its position and is growing faster than the market. The registered capital increase is a logical step that will allow further planned development, and, together with the large reserve, the requirements of both local and European regulators are exceeded,” says Igor Kováč, member of the Board of Directors of J&T BANKA, about the increase.

According to preliminary results, J&T BANKA closed the third quarter with capital adequacy at 12.1 % and more than 31 000 clients.