"We perceived the drop in the value of most stock titles as well as corporate bonds and T-bonds in the second half of 2011 as a suitable opportunity to purchase securities for our portfolios. This decision proved to be correct, which demonstrated as an exceptionally high profit from trading. Apart from capital markets, this result was also positively influenced by our earnings from trading in foreign currencies," says Igor Ková?, Chief Financial Officer of J&T Banky.
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The bank’s higher equity capital, which was raised last year, made it possible to increase the volume of loans granted, as already announced. In the first quarter, Loans to Clients reached nearly CZK 35 billion, which is 17.5% more year on year, thus significantly contributing to the 33% growth of Net Interest Income. Client Deposits rose by 34% to CZK 56.5 billion in the period at hand.
The bank’s Total Assets exceeded CZK 77 billion, up by 57% year on year. As of March 31, 2012, the Capital Adequacy Ratio was at 11.74%.
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