J&T BANKA, one of the leading private banks in the Czech Republic, closed the first quarter of the year with a balance sheet total of CZK 153.95 billion according to the consolidated results. The bank has thus built on the success of 2017 and is continuing to grow. Net earnings for the respective period amounts to CZK 665 million.
From the beginning of the year to the end of March, the bank managed to launch six bond issues worth a total of CZK 11.2 billion. Investors in the Czech Republic and Slovakia thus had the opportunity to invest in, for example, energy assets or a luxury resort in the Caribbean.
Client deposits reached CZK 106.613 billion at the end of the quarter, with the proportion of long-term deposits with a maturity of one year or more amounting to almost a half (46%). The bank thus continues to report one of the most stable deposit bases in the market. Lending also grew, rising to CZK 69.732 billon since the beginning of the year. In addition to deposits and loans, client investments also increased, growing by up to 6% since the beginning of the year to CZK 132.968 billion.
Equity at the end of March amounted to CZK 19.44 billion. Capital adequacy was 15.84%.