Operating profit for the given period reached CZK 337.7 million. The year-on-year decline in net profit was caused by the extraordinarily high profit from trading in the first quarter of 2012. At the end of 2013, J&T BANKA expects consolidated profit of CZK 800 million.

In the first three months of the year, net interest income grew by more than 13%. The bank’s balance also grew, amounting to over CZK 87 billion at the end of March, i.e., a 12.7% increase compared to the year before. This growth was caused in particular by an increase in the number of client deposits, which exceeded CZK 70 billion in total, i.e., a year-on-year increase of 25%.

The first quarter primarily saw investment into HR and technical development, which is necessary to serve the ever increasing client base. Operating expenses thus grew by more than 34%. At the end of the first quarter of 2013, J&T BANKA reported capital adequacy of 12.15%.


How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.