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J&T Banka

J&T Banka's net profit rose 436% yoy to CZK 2,277 mil in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka made a net profit of CZK 2,277 mil under revenues of CZK 3,666 mil in the third quarter of 2022, up 436% and 14...

J&T Banka's net profit rose 436% yoy to CZK 2,277 mil in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka made a net profit of CZK 2,277 mil in the third quarter of 2022, up 436% when compared to the same period of last y...

J&T Banka's employees rose 11.9% yoy to 664 in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka employed 664 persons in 2022-09-30, up 6.01% when compared to the previous year. Historically, the bank's workforc...

Profit Statement 2019 2020 2021
Net Interest Income CZK mil 8,466 3,233 3,983
Net Fee Income CZK mil 2,561 958 1,214
Other Income CZK mil 1,098 719 -18.6
Total Revenues CZK mil 12,125 4,910 5,179
Staff Cost CZK mil 3,229 2,089 1,002
Operating Profit CZK mil 5,590 732 3,005
Provisions CZK mil 1,937 -617 1,126
Net Profit CZK mil 2,659 1,058 1,459
Balance Sheet 2019 2020 2021
Interbank Loans CZK mil 79,135 70,214 98,456
Customer Loans CZK mil 126,344 62,713 61,684
Investments CZK mil 37,054 11,323 12,301
Total Assets CZK mil 280,564 166,236 194,134
Shareholders' Equity CZK mil 44,035 20,889 23,477
Interbank Borrowing CZK mil 0 0 4,371
Customer Deposits CZK mil 211,866 134,042 149,306
Issued Debt Securities CZK mil 11,657 0 13,237
Ratios 2019 2020 2021
ROE % 6.16 3.26 6.58
ROA % 0.948 0.473 0.810
Costs (As % Of Assets) % 2.33 1.87 1.21
Costs (As % Of Income) % 53.9 85.1 42.0
Capital Adequacy Ratio % 17.6 16.7 17.7
Net Interest Margin % 3.02 1.45 2.21
Loans (As % Of Deposits) % 59.6 46.8 41.3
NPLs (As % Of Loans) % 8.44 7.12 8.42
Provisions (As % Of NPLs) % 77.0 64.4 54.0
Growth Rates 2019 2020 2021
Total Revenue Growth % 8.17 -59.5 5.48
Operating Cost Growth % 12.7 -36.1 -48.0
Operating Profit Growth % 3.32 -86.9 311
Net Profit Growth % -2.84 -60.2 37.9
Customer Loan Growth % -2.65 -50.4 -1.64
Total Asset Growth % 0.104 -40.7 16.8
Customer Deposit Growth % -0.799 -36.7 11.4
Shareholders' Equity Growth % 4.22 -52.6 12.4
Employees 542 557 591

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                    
Net Interest Income CZK mil                       3,088 3,220 3,725 8,318 8,466    
Total Revenues CZK mil                       4,206 4,664 5,652 11,210 12,125    
Operating Profit CZK mil                       1,937 2,433 3,344 5,410 5,590    
Net Profit CZK mil                       1,967 1,042 2,260 2,737 2,659    
balance sheet                                    
Interbank Loans CZK mil                       34,379 23,423 47,757 82,497 79,135    
Customer Loans CZK mil                       74,668 76,139 69,109 129,777 126,344    
Investments CZK mil                       23,912 15,504 16,249 34,179 37,054    
Total Assets CZK mil                       154,851 133,114 142,996 280,273 280,564    
                                       
Shareholders' Equity CZK mil                       16,945 19,128 19,476 42,252 44,035    
Interbank Borrowing CZK mil                       4,259 3,174 21,923 0 0    
Customer Deposits CZK mil                       121,812 103,053 91,704 213,571 211,866    
Issued Debt Securities CZK mil                       2,049 1,443 1,567 13,797 11,657    
ratios                                    
ROE % ...                     12.2 5.78 11.7 8.87 6.16    
ROA % ...                     1.36 0.724 1.64 1.29 0.948    
Costs (As % Of Assets) % ...                     1.57 1.55 1.67 2.74 2.33    
Costs (As % Of Income) %                       53.9 47.8 40.8 51.7 53.9    
Capital Adequacy Ratio %                       15.8 15.9 16.0 15.5 17.6    
Net Interest Margin % ...                     2.14 2.24 2.70 3.93 3.02    
Interest Income (As % Of Revenues) %                       73.4 69.0 65.9 74.2 69.8    
Fee Income (As % Of Revenues) %                       14.4 22.2 20.1 24.9 21.1    
Staff Cost (As % Of Total Cost) %                       38.2 42.4 47.0 48.3 49.4    
Equity (As % Of Assets) %                       10.9 14.4 13.6 15.1 15.7    
Loans (As % Of Deposits) %                       61.3 73.9 75.4 60.8 59.6    
Loans (As % Assets) %                       48.2 57.2 48.3 46.3 45.0    
NPLs (As % Of Loans) % ... ...                   10.2 10.0 10.7 10.3 8.44    
Provisions (As % Of NPLs) % ... ...                   19.8 34.2 39.3 68.1 77.0    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                    
Interest Income CZK mil                       5,689 5,418 5,041 10,578 11,017    
Interest Cost CZK mil                       2,601 2,198 1,316 2,260 2,551    
Net Interest Income CZK mil                       3,088 3,220 3,725 8,318 8,466    
Net Fee Income CZK mil                       605 1,037 1,137 2,794 2,561    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,517 3,546    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 723 985    
Other Income CZK mil                       513 407 790 97.5 1,098    
Total Revenues CZK mil                       4,206 4,664 5,652 11,210 12,125    
Staff Cost CZK mil                       867 946 1,084 2,803 3,229    
Depreciation CZK mil                       102 101 96.0 735 1,104    
Other Cost CZK mil                       1,300 1,184 1,128 2,262 2,203    
Operating Cost CZK mil                       2,269 2,231 2,308 5,800 6,535    
Operating Profit CZK mil                       1,937 2,433 3,344 5,410 5,590    
Provisions CZK mil                       754 1,023 710 1,816 1,937    
Extra and Other Cost CZK mil                       -954 50.0 17.0 0 0    
Pre-Tax Profit CZK mil                       2,137 1,360 2,617 3,594 3,652    
Tax CZK mil                       261 407 421 857 993    
Minorities CZK mil                       -91.0 89.0 64.0 32.0 -0.829    
Net Profit CZK mil                       1,967 1,042 2,260 2,737 2,659    
Net Profit Avail. to Common CZK mil                       1,967 1,042 2,260 2,705 2,660   ...
growth rates                                    
Net Interest Income Growth % ...                     6.08 4.27 15.7 123 1.78    
Net Fee Income Growth % ...                     -5.76 71.4 9.64 146 -8.35    
Total Revenue Growth % ...                     5.81 10.9 21.2 98.3 8.17    
Operating Cost Growth % ...                     -0.874 -1.67 3.45 151 12.7    
Operating Profit Growth % ...                     14.9 25.6 37.4 61.8 3.32    
Pre-Tax Profit Growth % ...                     24.0 -36.4 92.4 37.3 1.63    
Net Profit Growth % ...                     47.9 -47.0 117 21.1 -2.84    
market share                                    
Market Share in Revenues %                       2.42 2.59 3.15 5.89 6.00    
Market Share in Net Profit %                       2.96 1.41 3.00 3.36 2.92    
Market Share in Employees %                       1.67 1.75 1.74 1.55 1.30    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.102 0.105   ...
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
balance sheet                                    
Cash & Cash Equivalents CZK mil                       19,724 15,513 6,911 13,996 14,381    
Interbank Loans CZK mil                       34,379 23,423 47,757 82,497 79,135    
Customer Loans CZK mil                       74,668 76,139 69,109 129,777 126,344    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ...     3,709 2,808 1,983 33,537 37,676    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ...     54,435 47,293 41,723 106,085 97,446    
Investments CZK mil                       23,912 15,504 16,249 34,179 37,054    
Property and Equipment CZK mil                       524 355 333 884 2,134    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,161 1,293    
Goodwill CZK mil                       30.0 30.0 33.0 676 127   ...
Total Assets CZK mil                       154,851 133,114 142,996 280,273 280,564    
                                       
Shareholders' Equity CZK mil                       16,945 19,128 19,476 42,252 44,035    
Of Which Minority Interest CZK mil                       743 663 594 1,033 990    
Liabilities CZK mil                       137,906 113,986 123,520 238,021 236,529    
Interbank Borrowing CZK mil                       4,259 3,174 21,923 0 0    
Customer Deposits CZK mil                       121,812 103,053 91,704 213,571 211,866    
Retail Deposits CZK mil ... ... ... ... ... ... ... ...       78,721 ... ... ... ... ... ...
Corporate Deposits CZK mil ... ... ... ... ... ... ... ...       42,987 ... ... ... ... ... ...
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ...     40,533 ... ... ... ... ... ...
Term Deposits CZK mil ... ... ... ... ... ... ... ... ...     81,073 ... ... ... ... ... ...
Issued Debt Securities CZK mil                       2,049 1,443 1,567 13,797 11,657    
Other Liabilities CZK mil                       9,786 6,316 8,326 10,653 13,007    
asset quality                                    
Non-Performing Loans CZK mil ... ...                   7,757 7,905 7,690 14,449 11,406    
Gross Loans CZK mil                       76,207 78,839 72,132 139,622 135,122    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ...   113,600 128,982 129,066 262,812 104,728    
Total Provisions CZK mil                       1,539 2,700 3,023 9,845 8,778    
growth rates                                    
Customer Loan Growth % ...                     4.91 1.97 -9.23 87.8 -2.65    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...   -0.536 -24.3 -29.4 1,591 12.3    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...   4.65 -13.1 -11.8 154 -8.14    
Total Asset Growth % ...                     15.7 -14.0 7.42 96.0 0.104    
Shareholders' Equity Growth % ...                     10.4 12.9 1.82 117 4.22    
Customer Deposit Growth % ...                     13.9 -15.4 -11.0 133 -0.799    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ...     17.1 ... ... ... ... ... ...
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ...     8.29 ... ... ... ... ... ...
market share                                    
Market Share in Customer Loans %                       2.68 2.58 2.24 3.93 3.66    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...     5.91 4.85 4.08 9.82 8.70    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...     0.280 0.198 0.130 2.04 2.16    
Market Share in Total Assets %                       2.79 2.21 2.02 3.82 3.72    
Market Share in Customer Deposits %                       3.46 2.74 2.20 4.80 4.47    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ...       3.87 ... ... ... ... ... ...
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ...       4.66 ... ... ... ... ... ...
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                     
ROE % ...                     12.2 5.78 11.7 8.87 6.16    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 6.50    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ...   11.8 5.73 11.7 9.31 9.65    
ROA % ...                     1.36 0.724 1.64 1.29 0.948    
Return on Loans % ...                     2.70 1.38 3.11 2.75 2.08    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ...   1.74 2.01 2.59 2.76 3.04    
Costs (As % Of Assets) % ...                     1.57 1.55 1.67 2.74 2.33    
Costs (As % Of Income) %                       53.9 47.8 40.8 51.7 53.9    
Costs (As % Of Loans) % ...                     3.11 2.96 3.18 5.83 5.10    
Costs (As % Of Loans & Deposits) % ...                     1.21 1.19 1.36 2.30 1.92    
Capital Adequacy Ratio %                       15.8 15.9 16.0 15.5 17.6    
Tier 1 Ratio % ... ... ...           ... ...   12.2 14.8 15.1 15.3 17.4    
Net Interest Margin % ...                     2.14 2.24 2.70 3.93 3.02    
Interest Spread % ...                     1.91 2.02 2.54 3.75 2.85    
Asset Yield % ...                     3.94 3.76 3.65 5.00 3.93    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ...   3.79 3.85 4.38 5.72 6.60    
Cost Of Liabilities % ...                     2.03 1.75 1.11 1.25 1.07    
Interest Income (As % Of Revenues) %                       73.4 69.0 65.9 74.2 69.8    
Fee Income (As % Of Revenues) %                       14.4 22.2 20.1 24.9 21.1    
Other Income (As % Of Revenues) %                       12.2 8.73 14.0 0.870 9.05    
Staff Cost (As % Of Total Cost) %                       38.2 42.4 47.0 48.3 49.4    
Equity (As % Of Assets) %                       10.9 14.4 13.6 15.1 15.7    
Equity (As % Of Loans) %                       22.7 25.1 28.2 32.6 34.9    
Loans (As % Of Deposits) %                       61.3 73.9 75.4 60.8 59.6    
Loans (As % Assets) %                       48.2 57.2 48.3 46.3 45.0    
NPLs (As % Of Loans) % ... ...                   10.2 10.0 10.7 10.3 8.44    
Provisions (As % Of NPLs) % ... ...                   19.8 34.2 39.3 68.1 77.0    
Provisions (As % Of Loans) %                       2.06 3.55 4.37 7.59 6.95    
Cost of Provisions (As % Of Loans) % ...                     1.03 1.36 0.978 1.83 1.51    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                     
Branches ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.00 2.00    
Employees                       689 717 730 650 542    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ... ... ... ... ... 325 271    
Cost Per Employee USD per month                       4,393 4,358 5,274 16,424 22,023    
Cost Per Employee (Local Currency) CZK per month                       104,862 109,949 123,744 359,338 496,482    
customer breakdown Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                     
Customers mil ... ... ... ... ...             0.055 0.053 0.048 ... ... ... ...
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ...     1,282,000 1,352,000 1,393,000 1,451,000 1,444,000   ...
Revenue per Customer (Local Currency) CZK ... ... ... ... ...             76,473 87,241 117,846 ... ... ... ...
Net Profit per Customer (Local Currency) CZK ... ... ... ... ...             35,764 19,491 47,122 ... ... ... ...
Loan per Customer (Local Currency) CZK ... ... ... ... ...             1,357,600 1,424,200 1,440,940 ... ... ... ...
Deposit per Customer (Local Currency) CZK ... ... ... ... ...             2,214,760 1,927,630 1,912,050 ... ... ... ...
Revenue per Customer USD ... ... ... ... ...             3,204 3,458 5,022 ... ... ... ...
Net Profit per Customer USD ... ... ... ... ...             1,498 772 2,008 ... ... ... ...
Loan per Customer USD ... ... ... ... ...             54,689 55,548 67,678 ... ... ... ...
Deposit per Customer USD ... ... ... ... ...             89,219 75,184 89,806 ... ... ... ...

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J&T Banka's capital adequacy ratio rose 19.8% yoy to 21.2% in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka's capital adequacy ratio reached 21.2% at the end of third quarter of 2022, up from 19.1% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 21.2% in 3Q2022 and an all time low of 15.6% in 1Q2018. ...

J&T Banka's retail loans rose 35.7% yoy to CZK 2,850 mil in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka's retail loans reached CZK 2,850 mil in the third quarter of 2022, up 1.79% compared to the previous year. Czech banking sector provided retail loans of CZK 2,121 bil in 3Q2022, up 1.19% when compared to the last year. J&T Banka accounte...

J&T Banka's net interest margin rose 67.4% yoy to 3.16% in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka's net interest margin amounted to 3.16% in the third quarter of 2022, up from 2.60% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 3.23% in 4Q2018 and an all time low of 1.70...

J&T Banka's npls (as % of loans) rose 8.49% yoy to 8.56% in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka's non-performing loans reached 8.56% of total loans at the end of 2022-09-30, up from 7.89% compared to the previous year. Historically, the NPL ratio hit an all time high of 13.1% in 2019-03-31 and an all time low of 4.87% in 2020-06-30. Prov...

J&T Banka's customer deposits rose 12.9% yoy to CZK 181,881 mil in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka's customer deposits reached CZK 181,881 mil in 3Q2022, down 5.96% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,417 bil in 3Q2022, up 1.21% when compared to the last year. J&T Banka accounted for...

J&T Banka's customer loans fell 2.11% yoy to CZK 61,620 mil in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka's customer loans reached CZK 61,620 mil in 2022-09-30, up 0.014% compared to the previous year. Czech banking sector provided customer loans of CZK 4,064 bil in 2022-09-30, up 2.69% when compared to the last year. J&T Banka accounted for...

J&T Banka's total revenues fell 15.1% yoy to CZK 1,197 mil in 2Q2022

By Helgi Analytics - November 28, 2022

J&T Banka generated total banking revenues of CZK 1,197 mil in 2022-06-30, down 46.0% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 58,487 mil in 2022-06-30, down 1.22% when compared to the last...

J&T Banka's net interest income rose 110% yoy to CZK 1,921 mil in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka generated total banking revenues of CZK 3,666 mil in the third quarter of 2022, up 141% when compared to the same period of last year and 206% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, f...

J&T Banka's costs (as % of assets) fell 11.7% yoy to 1.16% in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka's cost to income ratio reached 19.2% in the third quarter of 2022, down from 58.4% 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 3Q202...

J&T Banka's customer loan growth fell 119% yoy to -2.11% in 3Q2022

By Helgi Analytics - November 28, 2022

J&T Banka's customer loan growth reached -2.11% in 2022-09-30, down from 11.3% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 36.8% in 2020-06-30 and an all time low of -68.9% in 2019-06-30. 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 12.4% and 10.3% a year on average in the last 10 years. Its loans and deposits have grown by 5.69% and 10.5% a year during that time and loans to deposits ratio reached 41.3% at the end of 2021. The company achieved an average return on equity of 8.87% in the last decade with net profit growing 18.4% a year on average. In terms of operating efficiency, its cost to income ratio reached 42.0% in 2021, compared to 54.0% average in the last decade.

Equity represented 12.1% of total assets or 38.1% of loans at the end of 2021. J&T Banka's non-performing loans were 8.42% of total loans while provisions covered some 54.0% of NPLs at the end of 2021.