According to its unaudited consolidated financial results, J&T BANKA, one of the most important private banks on the Czech market, concluded the third quarter of 2015 with net profit of CZK 1.52 billion, which is a year-on-year increase of 10%. The balance sheet total for the respective period surpassed CZK 162 billion, which is an increase of 24% from the year before.
The rise in the balance sheet total was mainly due to an increase in client deposits, which equalled CZK 124.738 billion (+19%). Growth was also registered in loans (CZK 85.306 billion), with lending increasing 20% year-on-year.
“The bank continues to enjoy a stable deposit base. Term deposits with a maturity of a year or more comprise 60% of the deposit portfolio. Together with the high amount of available liquidity, this gives the bank a strong growth potential and the means to finance new projects,” says Štěpán Ašer, CEO of J&T BANKA.
The bank’s equity totalled CZK 15.639 billion at the end of September. During November, registered capital grew by more than CZK 1 billion.
J&T BANKA, private bank of the successful:
We have been taking care of the investments and finances of the most successful and exacting clients since 1998. Our individual approach and maximum comfort can be felt in everything we do. We are a private bank that helps its clients to increase the value of their assets, protect these assets, pass them on to the next generation and, not least of all, enjoy them. We learn from the best and grow with our clients. Our view of assets is comprehensive. We offer services and advice that addresses not only the current needs of our clients, but also that take into account broader family relationships and longer timeframes. Our services protect assets not only from economic influences, but also from legislative changes and life events. They include multigenerational asset management and succession planning, investment advisory, securities trading, asset structuring, asset management and life-style management services. For client who wish to experience a different approach to private banking and wish to try out the comfort and quality of our services, we offer the Clear Deal service, which is available from a half million korunas and, in addition to term deposits, offers a number of investment opportunities. In addition to comprehensive family office and private banking services, we provide specialised financing in real estate and business acquisitions.
J&T Finance Group SE comprises the Czech J&T Banka and its Slovak branch, the Russian J&T Bank AO, the Barbadian J&T Bank and Trust, the Slovak Poštová banka and the Croatian VABA banka. For more information visit: www.jtbank.cz
If you have any questions, please contact:
J&T BANKA, a.s.
Tel.: +420 604 333 320