The Net Profit of the J&T Group1) reach EUR 73.4 million for the first three quarters of 2010. Its Equity Capital as of September 30, 2010 reached EUR 752 million and its consolidated assets exceeded EUR 4.9 billion. The J&T Group thus successfully followed up on its results achieved in the first half of the year.
“Apart from the stable growth in Net Interest Income, which reached EUR 27.5 million, the Group was also successful in increasing its Fee and Commission Income. For the period under review, this figure reached EUR 14.3 million, which is 125% more than in the first six months of 2010. We have made a considerable effort to continue to increase the share of the interest and fee income in the total profit of the J&T Group,” commented Miloš Badida, Chief Financial Officer and Member of the Board of Directors of J&T Finance Group, a.s.
The J&T Group’s profit from trading in financial and capital markets reached EUR 73.2 million, rising by 60% compared to the first half of the year.
The value of the Group’s assets as of September 30, 2010 rose by EUR 0.5 billion to EUR 4.9 billion since the start of the year. The J&T Group still maintains a strong liquid position. The value of cash and cash equivalents topped EUR 700 million. At the end of the third quarter, the volume of Loans Granted reached EUR 2.3 billion, which is EUR 411 million more than at the beginning of 2010. The positive development of the Loans Granted was accompanied by growing Client Deposits - their value reached EUR 2.7 billion. The Liabilities of the J&T Group as of September 30, 2010 reached EUR 4.2 billion, up by 10.6% since the year started, in particular due to growing deposits.
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About the J&T Group
The J&T Group focuses on providing comprehensive services in private banking, asset management for private clients and institutions, investment banking and project financing. The Group provides its services primarily in the Czech and the Slovak markets but has also established presence in Switzerland, Russian Federation and the Caribbean. The Group’s assets are primarily concentrated in four banks (J&T Banka, a.s., J&T Bank (Switzerland) Ltd., J&T Bank ZAO and J&T Bank and Trust Inc.).
For more information please visit http://www.jtfg.com/
If you have any questions, please contact:
Petr Málek Monika Veselá J&T FINANCE GROUP, a. s. Fleishman-Hillard Marketing Director Associate Director firstname.lastname@example.org email@example.com +420 606 622 821 +420 604 333 320
1) Companies forming the consolidation entity of J&T Finance Group a.s.
2) Equity capital attributable to entities holding equity stakes in the parent company.
3) Net Profit for the accounting period attributable to entities holding equity stakes in the parent company.
4) The ROA and ROE indicators as of September 30, 2010 show the ratio values translated into per-annum figures.