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J&T Banka

J&T Banka's net profit rose 332% yoy to CZK 1,547 mil in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka made a net profit of CZK 1,547 mil in the fourth quarter of 2023, up 332% when compared to the same period of last ...

J&T Banka's capital adequacy ratio rose 22.0% yoy to 24.8% in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka's capital adequacy ratio reached 24.8% at the end of fourth quarter of 2023, down from 25.2% when compared to the p...

J&T Banka's net profit rose 332% yoy to CZK 1,547 mil in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka made a net profit of CZK 1,547 mil under revenues of CZK 3,565 mil in the fourth quarter of 2023, up 332% and 7...

Annual Quarterly LTM
Profit Statement 2021 2022 2023
Net Interest Income CZK mil 3,960 6,641 9,145
Net Fee Income CZK mil 1,214 1,414 1,449
Other Income CZK mil 39.0 2,569 2,606
Total Revenues CZK mil 5,213 10,624 13,200
Staff Cost CZK mil 1,002 1,354 1,564
Operating Profit CZK mil 2,843 7,617 9,634
Provisions CZK mil 964 2,270 1,805
Net Profit CZK mil 1,459 4,120 6,321
Balance Sheet 2021 2022 2023
Interbank Loans CZK mil 1,321 487 271
Customer Loans CZK mil 88,265 103,644 100,270
Investments CZK mil 20,371 24,596 29,477
Total Assets CZK mil 194,134 220,172 289,436
Shareholders' Equity CZK mil 23,477 35,054 39,690
Interbank Borrowing CZK mil 4,298 8,520 8,256
Customer Deposits CZK mil 149,306 159,575 216,733
Issued Debt Securities CZK mil 73.0 557 4,543
Ratios 2021 2022 2023
ROE % 6.58 14.1 16.9
ROA % 0.810 1.99 2.48
Costs (As % Of Assets) % 1.32 1.45 1.40
Costs (As % Of Income) % 45.5 28.3 27.0
Capital Adequacy Ratio % 17.7 20.4 24.8
Net Interest Margin % 2.20 3.21 3.59
Loans (As % Of Deposits) % 59.1 65.0 46.3
NPLs (As % Of Loans) % 5.94 4.82 3.68
Provisions (As % Of NPLs) % 59.9 68.2 78.4
Growth Rates 2021 2022 2023
Total Revenue Growth % 7.26 104 24.2
Operating Cost Growth % 3.45 26.9 18.6
Operating Profit Growth % 10.7 168 26.5
Net Profit Growth % 38.0 182 53.4
Customer Loan Growth % -5.48 17.4 -3.26
Total Asset Growth % 16.8 13.4 31.5
Customer Deposit Growth % 12.7 6.88 35.8
Shareholders' Equity Growth % 12.4 49.3 13.2
Employees 581 644 698

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                                        
Net Interest Income CZK mil                           3,725 3,362 3,610 3,232 3,960    
Total Revenues CZK mil                           5,652 4,954 5,567 4,860 5,213    
Operating Profit CZK mil                           3,344 2,863 3,179 2,569 2,843    
Net Profit CZK mil                           2,260 1,534 2,879 1,057 1,459    
balance sheet                                        
Interbank Loans CZK mil                           47,757 2,364 1,442 2,287 1,321    
Customer Loans CZK mil                           69,109 66,966 62,959 93,381 88,265    
Investments CZK mil                           16,249 13,748 13,018 20,725 20,371    
Total Assets CZK mil                           142,996 143,766 141,889 166,236 194,134    
                                           
Shareholders' Equity CZK mil                           19,476 18,606 19,991 20,888 23,477    
Interbank Borrowing CZK mil                           21,923 3,048 4,492 1,405 4,298    
Customer Deposits CZK mil                           91,704 112,936 107,549 132,428 149,306    
Issued Debt Securities CZK mil                           1,567 749 620 209 73.0    
ratios                                        
ROE % ...                         11.7 8.06 14.9 5.17 6.58    
ROA % ...                         1.64 1.07 2.02 0.686 0.810    
Costs (As % Of Assets) % ...                         1.67 1.46 1.67 1.49 1.32    
Costs (As % Of Income) %                           40.8 42.2 42.9 47.1 45.5    
Capital Adequacy Ratio %                           18.5 17.3 18.3 16.7 17.7    
Net Interest Margin % ...                         2.70 2.34 2.53 2.10 2.20    
Interest Income (As % Of Revenues) %                           65.9 67.9 64.8 66.5 76.0    
Fee Income (As % Of Revenues) %                           20.1 27.3 20.3 19.7 23.3    
Staff Cost (As % Of Total Cost) %                           47.0 51.5 52.1 44.3 42.3    
Equity (As % Of Assets) %                           13.6 12.9 14.1 12.6 12.1    
Loans (As % Of Deposits) %                           75.4 59.3 58.5 70.5 59.1    
Loans (As % Assets) %                           48.3 46.6 44.4 56.2 45.5    
NPLs (As % Of Loans) % ... ...                       10.7 9.08 5.27 4.85 5.94    
Provisions (As % Of NPLs) % ... ...                       39.3 49.1 57.4 64.3 59.9    
valuation                                        
Book Value Per Share Growth % ...                         15.7 -9.74 7.38 -10.5 22.5    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                                        
Interest Income CZK mil                           5,041 4,496 4,992 4,710 5,522    
Interest Cost CZK mil                           1,316 1,134 1,382 1,478 1,562    
Net Interest Income CZK mil                           3,725 3,362 3,610 3,232 3,960    
Net Fee Income CZK mil                           1,137 1,350 1,131 958 1,214    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,531 1,340 1,258 1,551    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 181 209 300 337    
Other Income CZK mil                           790 242 826 670 39.0    
Total Revenues CZK mil                           5,652 4,954 5,567 4,860 5,213    
Staff Cost CZK mil                           1,084 1,077 1,244 1,015 1,002    
Depreciation CZK mil                           96.0 70.0 140 158 201    
Other Cost CZK mil                           1,128 944 1,004 1,118 1,167    
Operating Cost CZK mil                           2,308 2,091 2,388 2,291 2,370    
Operating Profit CZK mil                           3,344 2,863 3,179 2,569 2,843    
Provisions CZK mil                           710 944 -440 1,220 964    
Extra and Other Cost CZK mil                           17.0 0 0 0 0    
Pre-Tax Profit CZK mil                           2,617 1,919 3,619 1,349 1,879    
Tax CZK mil                           421 385 740 292 420    
Minorities CZK mil                           64.0 0 0 0 0    
Net Profit CZK mil                           2,260 1,534 2,879 1,057 1,459    
Net Profit Avail. to Common CZK mil                           2,260 1,534 2,879 1,057 1,459    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0   ...
growth rates                                        
Net Interest Income Growth % ...                         15.7 -9.74 7.38 -10.5 22.5    
Net Fee Income Growth % ...                         9.64 18.7 -16.2 -15.3 26.7    
Total Revenue Growth % ...                         21.2 -12.3 12.4 -12.7 7.26    
Operating Cost Growth % ...                         3.45 -9.40 14.2 -4.06 3.45    
Operating Profit Growth % ...                         37.4 -14.4 11.0 -19.2 10.7    
Pre-Tax Profit Growth % ...                         92.4 -26.7 88.6 -62.7 39.3    
Net Profit Growth % ...                         117 -32.1 87.7 -63.3 38.0    
market share                                        
Market Share in Revenues %                           3.15 2.60 2.75 2.69 2.83    
Market Share in Net Profit %                           3.00 1.88 3.16 2.23 2.07    
Market Share in Employees %                           1.12 1.16 1.27 1.36 1.46    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.102 0.105 0.119 0.376    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
balance sheet                                        
Cash & Cash Equivalents CZK mil                           6,911 54,737 57,949 40,192 71,299    
Interbank Loans CZK mil                           47,757 2,364 1,442 2,287 1,321    
Customer Loans CZK mil                           69,109 66,966 62,959 93,381 88,265    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ...         1,983 1,875 1,470 1,787 2,536    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ...         41,723 52,073 51,306 63,904 58,126    
Investments CZK mil                           16,249 13,748 13,018 20,725 20,371    
Property and Equipment CZK mil                           333 35.0 218 1,663 1,722    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 90.0 92.0 105 153    
Goodwill CZK mil                           33.0 0 0 0 0    
Total Assets CZK mil                           142,996 143,766 141,889 166,236 194,134    
                                           
Shareholders' Equity CZK mil                           19,476 18,606 19,991 20,888 23,477    
Of Which Minority Interest CZK mil                           594 0 0 0 0    
Liabilities CZK mil                           123,520 125,160 121,898 145,348 170,657    
Interbank Borrowing CZK mil                           21,923 3,048 4,492 1,405 4,298    
Customer Deposits CZK mil                           91,704 112,936 107,549 132,428 149,306    
Retail Deposits CZK mil ... ... ... ... ... ... ... ...         ... ... ... ... ... ... ... ...
Corporate Deposits CZK mil ... ... ... ... ... ... ... ...         ... ... ... ... ... ... ... ...
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ...       ... ... 33,647 31,745 32,379 43,320    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ...       ... ... 79,289 75,804 100,049 105,986    
Issued Debt Securities CZK mil                           1,567 749 620 209 73.0    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 749 620 209 73.0    
Other Liabilities CZK mil                           8,326 8,427 9,237 11,306 16,980    
asset quality                                        
Non-Performing Loans CZK mil ... ...                       7,690 6,363 3,419 4,679 5,440    
Gross Loans CZK mil                           72,132 70,093 64,922 96,389 91,521    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ...       129,066 262,813 94,354 118,440 123,144    
Total Provisions CZK mil                           3,023 3,127 1,963 3,008 3,256    
growth rates                                        
Customer Loan Growth % ...                         -9.23 -3.10 -5.98 48.3 -5.48    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...       -29.4 -5.45 -21.6 21.6 41.9    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...       -11.8 24.8 -1.47 24.6 -9.04    
Total Asset Growth % ...                         7.42 0.538 -1.31 17.2 16.8    
Shareholders' Equity Growth % ...                         1.82 -4.47 7.44 4.49 12.4    
Customer Deposit Growth % ...                         -11.0 23.2 -4.77 23.1 12.7    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ... ...
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ... ...
market share                                        
Market Share in Customer Loans %                           2.24 2.03 1.82 2.60 2.29    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...         4.08 4.82 4.58 5.69 4.89    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...         0.130 0.114 0.084 0.096 0.124    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...         0.130 0.114 0.084 0.096 0.124 ... ...
Market Share in Total Assets %                           2.04 1.98 1.88 2.09 2.28    
Market Share in Customer Deposits %                           2.20 2.54 2.27 2.57 2.71    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ...         ... ... ... ... ... ... ... ...
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ...         ... ... ... ... ... ... ... ...
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                         
ROE % ...                         11.7 8.06 14.9 5.17 6.58    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 15.0 5.20 6.62    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ...       11.7 5.22 10.7 6.62 8.05    
ROA % ...                         1.64 1.07 2.02 0.686 0.810    
Return on Loans %                           3.11 2.25 4.43 1.35 1.61    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ...       2.59 1.46 1.78 2.41 2.35    
Costs (As % Of Assets) % ...                         1.67 1.46 1.67 1.49 1.32    
Costs (As % Of Income) %                           40.8 42.2 42.9 47.1 45.5    
Costs (As % Of Loans) % ...                         3.18 3.07 3.68 2.93 2.61    
Costs (As % Of Loans & Deposits) % ...                         1.36 1.23 1.36 1.16 1.02    
Capital Adequacy Ratio %                           18.5 17.3 18.3 16.7 17.7    
Tier 1 Ratio % ... ... ...           ... ...       15.1 17.0 18.1 16.7 17.6    
Net Interest Margin % ...                         2.70 2.34 2.53 2.10 2.20    
Interest Spread % ...                         2.54 2.22 2.38 1.95 2.08    
Asset Yield % ...                         3.65 3.14 3.50 3.06 3.06    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ...       4.38 2.53 3.12 4.57 4.32    
Cost Of Liabilities % ...                         1.11 0.912 1.12 1.11 0.989    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0   ...
Interest Income (As % Of Revenues) %                           65.9 67.9 64.8 66.5 76.0    
Fee Income (As % Of Revenues) %                           20.1 27.3 20.3 19.7 23.3    
Other Income (As % Of Revenues) %                           14.0 4.88 14.8 13.8 0.748    
Staff Cost (As % Of Total Cost) %                           47.0 51.5 52.1 44.3 42.3    
Equity (As % Of Assets) %                           13.6 12.9 14.1 12.6 12.1    
Equity (As % Of Loans) %                           28.2 27.8 31.8 22.4 26.6    
Loans (As % Of Deposits) %                           75.4 59.3 58.5 70.5 59.1    
Loans (As % Assets) %                           48.3 46.6 44.4 56.2 45.5    
NPLs (As % Of Loans) % ... ...                       10.7 9.08 5.27 4.85 5.94    
Provisions (As % Of NPLs) % ... ...                       39.3 49.1 57.4 64.3 59.9    
Provisions (As % Of Loans) %                           4.37 4.67 3.12 3.22 3.69    
Cost of Provisions (As % Of Loans) % ...                         0.978 1.39 -0.677 1.56 1.06    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                         
Branches ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.00 2.00 2.00 6.00    
Employees                           468 485 529 553 581    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ... ... ... ... ... 243 265 277 96.8    
Cost Per Employee USD per month                           8,226 8,458 8,693 6,951 6,632    
Cost Per Employee (Local Currency) CZK per month                           193,020 185,052 195,967 152,954 143,718    
customer breakdown Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                         
Customers mil ... ... ... ... ...                 0.048 0.055 0.063 0.075 0.084    
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ...         1,393,000 1,451,000 1,444,000 1,444,000 ... ... ...
Revenue per Customer (Local Currency) CZK ... ... ... ... ...                 117,846 90,073 88,862 65,032 62,399    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ...                 47,122 27,891 45,955 14,144 17,464    
Loan per Customer (Local Currency) CZK ... ... ... ... ...                 1,440,942 1,217,564 1,004,964 1,249,545 1,056,522    
Deposit per Customer (Local Currency) CZK ... ... ... ... ...                 1,912,054 2,053,382 1,716,719 1,772,039 1,787,175    
Revenue per Customer USD ... ... ... ... ...                 5,022 4,117 3,942 2,955 2,880    
Net Profit per Customer USD ... ... ... ... ...                 2,008 1,275 2,039 643 806    
Loan per Customer USD ... ... ... ... ...                 67,678 54,196 44,426 58,425 48,131    
Deposit per Customer USD ... ... ... ... ...                 89,806 91,400 75,890 82,856 81,417    

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J&T Banka's npls (as % of loans) fell 18.6% yoy to 3.68% in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka's non-performing loans reached 3.68% of total loans at the end of 2023-12-31, down from 4.53% compared to the previous year. Historically, the NPL ratio hit an all time high of 9.51% in 2018-09-30 and an all time low of 3.68% in 2023-12-31. Pr...

J&T Banka's net interest margin rose 9.39% yoy to 3.57% in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka's net interest margin amounted to 3.57% in the fourth quarter of 2023, down from 3.66% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.25% in 4Q2018 and an all time low of 1...

J&T Banka's employees rose 8.39% yoy to 698 in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka employed 698 persons in 2023-12-31, up 3.27% when compared to the previous year. Historically, the bank's workforce hit an all time high of 719 persons in 2023-06-30 and an all time low of 485 in 2018-12-31. Average cost reached USD 7,319 per month ...

J&T Banka's customer loans rose 1.32% yoy to CZK 101,114 mil in 3Q2023

By Helgi Library - May 12, 2024

J&T Banka's customer loans reached CZK 101,114 mil in 2023-09-30, up 0.326% compared to the previous year. Czech banking sector provided customer loans of CZK 4,290 bil in 2023-09-30, up 1.99% when compared to the last year. J&T Banka accounted fo...

J&T Banka's customer deposits rose 35.8% yoy to CZK 216,733 mil in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka's customer deposits reached CZK 216,733 mil in 4Q2023, up 5.17% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,701 bil in 4Q2023, down 3.35% when compared to the last year. J&T Banka accounted for...

J&T Banka's total revenues rose 7.88% yoy to CZK 3,565 mil in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka generated total banking revenues of CZK 3,565 mil in 2023-12-31, up 18.9% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 58,954 mil in 2023-12-31, up 3.14% when compared to the last yea...

J&T Banka's retail loans rose 21.3% yoy to CZK 2,196 mil in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka's retail loans reached CZK 2,196 mil in the fourth quarter of 2023, up 4.58% compared to the previous year. Czech banking sector provided retail loans of CZK 2,242 bil in 4Q2023, up 0.906% when compared to the last year. J&T Banka accoun...

J&T Banka's net interest income rose 33.5% yoy to CZK 2,514 mil in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka generated total banking revenues of CZK 3,565 mil in the fourth quarter of 2023, up 7.88% when compared to the same period of last year and 18.9% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

J&T Banka's costs (as % of assets) rose 22.2% yoy to 1.40% in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka's cost to income ratio reached 27.7% in the fourth quarter of 2023, down from 28.4% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 65.3% of income in 1Q2020 and an all time low of 19.2% in 3Q20...

J&T Banka's customer loan growth fell 119% yoy to -3.26% in 4Q2023

By Helgi Library - May 12, 2024

J&T Banka's customer loan growth reached -3.26% in 2023-12-31, down from 17.4% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 48.3% in 2020-12-31 and an all time low of -5.98% in 2019-12-31. In the las...

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J&T Banka is a Czech Republic-based bank, It is a subsidiary of J&T Group, which provides investment, corporate, and retail banking services in the Czech Republic, Slovakia, and Russia. The Bank offers bank deposits, investments and advisory services comprising portfolio management, asset structuring, and concierge services. The Bank also provides financing products, which include loan financing, securities financing, and current accounts; and other banking services, such as payment cards. J&T Group is an investment group founded in 1993 in Slovakia. J&T invests mainly into the financial services, energy sector, real estate, health care, media and sports. The name of the company is derived from the family names of its two founders Ivan Jakabovič and Patrik Tkáč

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Finance

J&T Banka has been growing its revenues and asset by 16.0% and 10.1% a year on average in the last 10 years. Its loans and deposits have grown by 5.27% and 9.71% a year during that time and loans to deposits ratio reached 46.3% at the end of 2023. The company achieved an average return on equity of 10.4% in the last decade with net profit growing 20.5% a year on average. In terms of operating efficiency, its cost to income ratio reached 27.0% in 2023, compared to 43.3% average in the last decade.

Equity represented 13.7% of total assets or 39.6% of loans at the end of 2023. J&T Banka's non-performing loans were 3.68% of total loans while provisions covered some 78.4% of NPLs at the end of 2023.

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