Audited consolidated results show that J&T BANKA closed last year with balance sheet assets of CZK 203.25 billion, reflecting a year-on-year increase of more than 16%. The Bank’s performance during 2021 reflected not only the relative calming of the Covid-19 pandemic situation and of client expectations in relation to its development but also a positive trend on financial markets. The Bank thus achieved an annual net profit of CZK 2.8 billion (+CZK 1.14 billion).
The growth in the balance sheet was influenced mainly by the volume of customer deposits, which were 11.3% higher compared to the end of 2020 and slightly exceeded CZK 154 billion. Deposits in term and custody accounts accounted for more than 71% of total liabilities to customers. The sufficiency of funds received from clients enabled the Bank to finance a number of projects. The volume of corporate loans thus increased by CZK 4.93 billion year on year and totaled CZK 72.05 billion at the end of 2021.
Although the demand for new issues of corporate bonds did not return to pre-pandemic levels, its trajectory has reversed and demand has recovered. Through the year, the Bank participated in placement of 14 bond issues, with total subscriptions in the amount of CZK 15.41 billion.
In the collective investments field, all funds managed by J&T INVESTIČNÍ SPOLEČNOST were successful last year. In addition, the J&T ARCH INVESTMENTS Fund for qualified investors came onto the Prague Stock Exchange in mid-2021 and since that time it has been one of the most liquid titles. In this shortened debut year, trading in its shares was equivalent to CZK 6 billion, and the Fund had appreciated by more than 15.5% since its establishment.
Shareholders’ equity grew by CZK 3.30 billion year on year and totaled CZK 24.76 billion at the end of 2021. Capital adequacy on a consolidated basis reached 16.21%.