J&T Banka Doubles Net Profit In Q1

Prague, June 13 (CTK) – J&T Banka, providing private banking services, doubled net profit year on year to Kc665m in the first quarter of this year and its total assets rose by 8 percent since the year’s beginning to Kc154bn, the bank said in a press release today.


Client deposits were worth Kc106.6bn at the end of March, the share of long-term deposits with maturity of one year and more reached 46 percent.


The volume of loans was Kc69.7bn. Client investments increased by almost 6 percent since the year’s beginning to Kc133bn.


In the first quarter of this year, the bank introduced six bond issues worth Kc11.2bn in total to the market. Investors in the Czech Republic and Slovakia thus could invest, for example, in energy assets and a luxury resort in the Caribbean region.


J&T Banka, a part of J&T Finance Group, provides private banking services and specialised financing in the area of real estate and corporate acquisitions. The bank is active in the Czech Republic since 1998.


J&T Finance Group includes Czech J&T Banka and its Slovak branch, Russian J&T Bank AO, J&T Bank and Trust based in Barbados, VABA bank in Croatia and Slovak Postova banka.