Media Service

Press releases, key data about J&T Group and contact information for persons responsible for PR in the group can be found here.

The best year in the history of J&T BANKA was 2012. Operating profit reached CZK 1.67 billion, growing 1.5 times year-on-year

9. April 2013

J&T BANKA, one of the most important private banks on the Czech market, experienced another very successful year. The bank’s net profit in 2012 grew more than 2.5 times year-on-year to CZK 1.015 billion crowns.

At the same time, the bank increased earnings significantly in all areas of business. In addition to an increase in interest income (+62 %), income from services provided to clients in the field of asset management and organisation of bond issues also grew significantly (+84%). Record profit was also highlighted by the extraordinary result from proprietary market activities, where the bank generated over CZK 700 million in profit.

In the past year, the bank grew not only in terms of operating results, but also in terms of its balance sheet. Growth was driven namely by an increase in client deposits. As at the end of 2012, the bank was thus providing services to more than 23,000 clients with deposits of over CZK 64 billion, i.e., 16.4% more compared to the year before. The bank continues to rely on exceedingly stable deposits. Deposits at sight comprise less than 15% of all deposits; the average duration of other client term deposits exceeds one year.

At the end of the year, J&T BANKA recorded capital adequacy of 11.9%, which is substantially more than the long-term target of 11%.

 

Consolidated results of J&T BANKA, a. s., as at 31 December 2012 according IFRS

Main balance sheet items

In CZK thousands

12/2012

12/2011

 

%

Bank’s balance sheet total

88 401 273

72 557 883

15 843 390

 

Cash in hand and receivables from central banks

6 977 979

1 492 656

5 485 323

 

Receivables from credit institutions

6 865 483

9 090 601

-2 225 118

-24.5%

Securities

30 462 303

24 146 565

6 315 738

 

Receivables from clients

41 150 044

36 583 861

4 566 183

 

Payables to clients

64 032 411

55 023 567

9 008 844

16,4%

Equity

7 412 701

5 235 253

2 177 448

 

Capital adequacy

   

-0.2

Liquidity surplus (liquid assets)

18 384 528

17 649 010

735 518

 

Liquid assets / deposits

   

-2.2

L/D ratio

   

-2.2

 

Main balance sheet items

In CZK thousands

12/2012

12/2011

 

%

Interest received

3 979 506

2 643 489

1 336 017

 

Interest paid

-2 129 481

-1 500 201

-629 280

-41.9%

Net interest received

1 850 025

1 143 288

706 737

 

Dividends received

58 851

66 134

-7 283

-11.0%

Revenues from fees and commissions

676 536

411 245

265 291

 

Costs of fees and commissions

-176 573

-139 356

-37 217

-26.7%

Net revenues from fees and commissions

499 963

271 889

228 074

 

Net trading profit

725 719

-62 636

788 355

 

Other operating revenues

79 558

192 927

-113 369

-58.8%

Operating revenues

3 214 116

1 611 602

1 602 514

 

Personnel expenses

-751 852

-364 700

-387 152

-106.2%

Other operating expenses

-698 812

-515 310

-183 502

-35.6%

Depreciation

-92 149

-71 338

-20 811

-29.2%

Operating expenses

-1 542 813

-951 348

-591 465

-62.2%

Operating profit

1 671 303

660 254

1 011 049

 

Risk-related costs

-478 408

-305 593

-172 815

-56.6%

Profit before tax

1 192 895

354 661

838 234

 

Income tax costs

-271 997

-85 427

-186 570

-218.4%

Profit from discontinued operations

94 853

0

94 853

-

Minority shares

-440

-81

-359

-443.2%

Profit after tax

1 015 311

269 153

746 158

 

C/I ratio

   

-11.0