The owners of J&T FINANCE GROUP, a.s. and ISTROKAPITAL SE have agreed to link the capital of both companies. They are getting ready to enter new financial markets. Through capital increase, ISTROKAPITAL SE will acquire 24% of J&T FINANCE GROUP’s share capital.
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.
J&T BANKA, one of the most important private banks on the Czech market, experienced another very successful year. The bank´s net pofit in 2012 grew more than 2.5 times year on year to CZK 1.015 billion crowns.
Profireal Group is entering the consumer credit market in the Russian Federation through its credit division PROFI CREDIT. PROFI CREDIT, in a joint venture with J&T Group, is establishing its first branch in Saint Petersburg.
J&T Banka continued to maintain its dynamic growth during the third quarter. According to the preliminary consolidated results, as of 30 September 2012 the balance sheet total had increased by 38% year-on-year to reach a level of CZK 87 billion and operating profit tripled to over CZK 1.5 billion.
Today, J&T Banka inaugurated and unveiled the renovated famous Elektra Café. Starting tomorrow, Ostrava residents can visit the new café in the J&T Banka Café chain, which was created on the premises of the defunct First Czechoslovak Republic café.
J&T BANKA, a.s., branch of a foreign bank, recorded profit of EUR 5.3 million in the first half of 2012. Client numbers grew by 10% when considering comparable period. Consolidated capital adequacy was 11.2% and free liquidity CZK 17.6 billion.
As of July, J&T BANKA offers its clients the possibility to appreciate their deposits in as many as eleven various currencies. Apart from euro, Czech crown, US dollar, British pound, and Swiss franc, now also Russian rouble, Australian and Canadian dollar, Polish zloty, Hungarian forint, or Swedish crown are all possible. Clients have thus an even greater possibility to diversify their investment portfolio with the most advantageous interest rate on the Slovak banking market.
J&T Banka enjoyed a 11% growth of its 2011 Operating Profit, which reached CZK 660.3 million. Its Net Profit for last year increased by CZK 5 million to CZK 269 million. The Operating Profit grew in particular due to higher Fee and Commission Income, which nearly doubled year on year, reaching CZK 271.9 million. The bank enjoyed higher revenue primarily from fees for trading with securities and from its clients’ IPO programs.
Through today’s issue of Czech koruna bonds (CZK bonds), real estate company Czech Property Investments a.s. (CPI) is bringing to fruition the changes to its CZK 4 billion financing structure. Today, through J&T BANKA, it is placing on the market a CZK two billion issue with a seven-year maturity, which follows last week’s seven-year and thirty-year bond issues worth 70 and 10 million Euros, respectively.
The Tatry mountain resorts, a.s. (TMR) Group achieved consolidated revenues equalling 12.2 million euro during the first quarter of the financial year 2011/2012 (period from 1 November 2011 to 31 January 2012), which represents an increase of approximately 18% compared with the same period last year.
The Bratislava Stock Exchange decided on 9 March 2012 to accept the bonds issued by the J&T Global Finance II, B.V. on the free regulated market. The public three-year issue of obligations was fully subscribed in the volume of EUR 100 million carrying an interest of 6.4% p.a. The manager, administrator, and quoting agent of the corporate bonds of the J&T Finance Group II is J&T BANKA.
Late in 2011, the order of the registering court became final on the merger of J&T ASSET MANAGEMENT, INVESTIČNÍ SPOLEČNOST, a.s., and the former investment company of Atlantik Asset Management. Following the merger of both companies, J&T ASSET MANAGEMENT has been renamed to J&T INVESTIČNÍ SPOLEČNOST, a.s., which is a member of the J&T financial group.
J&T INVESTIČNÍ SPOLEČNOST, a.s. newly offers mixed, bond-oriented mutual funds: J&T BOND CZK and J&T BOND EUR. The funds’ portfolios include primarily debt securities including bonds allowing early redemption, convertible bonds, and money-market instruments. In addition, the funds may also hold equities and use other investment opportunities.
J&T Banka has launched the subscription of its historically first issue of the bonds of J&T Finance Group (hereinafter the J&T Group). The public bond issue in the total offered value of CZK 3 billion bears the coupon rate of 6.4% p.a. From Wednesday, November 30, the bonds are listed at the Prague Stock Exchange.
J&T Banka has successfully placed a public issue of the corporate bonds of ABS JETS. They are 5Y bonds with a coupon rate of 6.5 % p.a., placed in the total volume of CZK 450 million. The entire issue was subscribed on Friday, September 30, and since Monday, October 3, the bonds can be traded at the Prague Stock Exchange.
In 2010, the J&T Group1) generated a Net Profit of EUR 85.4 million. It Equity Capital2) as of the year end was up by nearly 10% at EUR 728.8 million, with the consolidated assets reaching a value of EUR 3.8 billion. These figures are shown in the audited consolidated results (IFRS) of the group. In 2010, the J&T group paid out a planned dividend of EUR 63.4 million.
Tomáš Martinec to Found Metatron Capital, New Qualified Investors’ Funds, and to Leave the Board of Directors of J&T Finance Group
The Czech and Slovak markets will soon welcome a new boutique asset management firm – Metatron Capital. Established by Tomáš Martinec, the project will present its own funds designed for qualified investors. After founding his new company, the long-term manager of the J&T Group resigned as member of the Board of Directors of J&T Finance Group.
J&T BANKA is proud to present the results of its exclusive survey among Czech dollar millionaires. With its scope and focus, it is an absolutely unique study that brings information about the investment behavior, charitable activities and lifestyle of affluent people.
With effect from July 1, 2011, J&T BANKA will reduce interest rates on its Clear Deal term deposits. The change will not affect already existing Clear Deal deposits and neither the related interest rates.
J&T Banka, one of the major players in the Czech private banking market, continued its successful growth in the 1st quarter of 2011 as well. Its Operating Profit rose by 7% year on year, exceeding CZK 200 million.
J&T BANKA extends its range of benefits offered with the Clear Deal term deposits. The main purpose is to enable clients to choose a valuable benefit that make the popular product even more attractive.
With effect from April 4, 2011, Andrej Zaťko became a new member of the Board of Directors of J&T BANKA, a.s. He joined the existing members of the Board: Patrik Tkáč, Igor Kováč, Josef Spišiak and Štěpán Ašer.
J&T BANKA’s Net Profit as of September 30, 2009 reached CZK 411.7 million, 16% more year on year. Apart from released provisions, the profit growth can also be attributed to higher income from fees and interest and lower administrative costs.
As of the end of 2008, J&T BANKA, a. s., generated a record high Profit Before Tax of CZK 304 million (up by CZK 14 million, year-on-year). The bank's Total Assets increased by 16% over the same period, reaching CZK 38.6 billion.
In the first 9 months of 2008, J&T BANKA, a. s. generated a profit of CZK 353 million, which is CZK 188 million more year on year. These record-high results reflect the bank’s growing Total Assets (up by 25% to CZK 39 billion year on year), improving the operating efficiency and greater interest margins on credit transactions.
During the first half of 2008, J&T BANKA increased its profit by more than CZK 140 million, to CZK 278 million. This result is partially attributable to one-time transactions connected with the release of provisions for repaid loans. Operating profit, which does not include the aforementioned one-time transactions, grew by more than 50% year-on-year.
BRATISLAVA – J&T BANKA, a.s. pobočka zahraničnej banky Bratislava, v prvom polroku tohto roka pokračovala v prudkom raste z minulých rokov. Za prvých 6 mesiacov dosiahla čistý zisk 115,76 mil. Sk, čo je oproti rovnakému obdobiu minulého roka viac než dvojnásobok. Bilančná suma vzrástla od konca roka 2007 o 3,13 miliardy korún a dosiahla 16,73 mld. Sk. Keďže bilančná suma J&T BANKY Bratislava tvorí približne 40% celkovej bilančnej sumy J&T BANKY, pozitívne hospodárenie pobočky sa odzrkadlilo aj na hospodárení celku. Bilančná suma J&T BANKY Praha medziročne vzrástla o 50% na 51,3 mld. Sk a čistý zisk sa dokonca zdvojnásobil na 351 mil. Sk. Výrazne vzrástol aj objem voľnej likvidity, keď sa jej prebytok zvýšil z 8,1 mld. Sk na konci roku 2007 na 13,13 mld. Sk k 30. 6. 2008.
J&T BANKA achieved a pre-tax profit of CZK 112.6 million in the first quarter of 2008. This is a growth of 40 % against last year. The net profit after taxation grew by 15 % against last year, to CZK 85 million.
J&T BANKA, a.s., branch of the foreign bank, assumed activities of J&T SECURITIES, a.s., o.c.p. securities dealer. Since February, it is a member of the Bratislava stock exchange (Burza cenných papierov v Bratislave a.s.) and of the Central Securities Depository (Centrálny depozitár, a.s.)
Assets of J&T amounted to 88.88 billion Crowns as of 31 December 2006. Compared to the previous year, there is a 16% increase. The Group earned a profit of SKK 2.95 billion in the previous year. This can be seen from the consolidated financial statements prepared in accordance with International Financial Reporting Standards, audited by KPMG without any objections.
J&T BANKA, a.s., Bratislava branch of the foreign bank, recorded success in the very first year of its existence. It earned SKK 5.18 million as of 31 December 2006 - not even a year since its establishment, and its balance amounted to SKK 7.178 billion.
The Central Bank of the Russian Federation granted permission for J&T FINANCE GROUP to acquire 100% shares in of one of the Moscow banks. Russia is now the fifth country where the J&T Group pursues its banking activities.
J&T BANKA, which will celebrate its 10th anniversary in the Czech banking market this year, achieved a total consolidated post-tax profit of CZK 218.3 million (growing by 25.7 % against last year). The bank’s balance sheet total grew by almost CZK 10 billion, achieving CZK 33.3 billion.
J&T BANKA, a.s., Bratislava branch of the foreign bank, continued its dramatic growth in the last year with its balance increased by more than 89% from 7.178 at the end of 2006 to SKK 13.602 billion at the end of 2007. Profit after taxation grew in year-to-year terms from SKK 5.18 million to SKK 157.96 million .