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J&T Finance, a.s. to Increase J&T Banka’s Registered Capital

20. July 2011

Prague, July 20, 2011

The sole shareholder of J&T Banka has resolved to increase its registered capital by CZK 350 million. The bank’s regulatory capital will subsequently reach CZK 4.4 billion.

“The capital increase is the first step in our plan to raise the bank’s regulatory capital by up to CZK 1 billion,” said Štěpán Ašer, CEO of J&T Banka, and added: “The capital increase will enable us to develop our business activities faster, in particular in the credit business.”

Due to the significant inflow of Client Deposits in 2011, the Total Assets of J&T Banka continue to grow, having risen by more than 15% year to date and reaching CZK 54 billion as of June 30.