The total on the balance sheet of J&T Finance Group SE reached EUR 9.4 billion at the end of last year. This amount constitutes a year-on-year increase of 12%. This growth can be attributed chiefly to client deposits, which grew year-on-year by 17% to EUR 7.5 billion. The Group’s equity as at 31 December 2014 amounted to EUR 1.032 billion. This news ensues from the audited consolidated results (IFRS).
In 2014, the Group more than doubled net interest income to EUR 311.7 million. Net income from fees and commissions amounted to EUR 57.4 million at the end of the year. The sharp rise in net interest and fee income was caused not only by the acquisition of Poštová banka, but mainly by the organic growth of J&T BANKA, which reported net earnings of CZK 1.342 billion for 2014 (a year-on-year increase of 26%).
The sufficient capital and rise in the balance sheet total had a positive impact on lending. Last year, the Group lent more than EUR 5.3 billion (a year-on-year increase of 21%). After creating provisions and reserves, J&T Finance Group SE attained net earnings of EUR 62 million for 2014.