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J&T Banka

J&T Banka's employees rose 6.60% yoy to 593 in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka employed 593 persons in 2021-09-30, up 1.34% when compared to the previous year. Historically, the bank's workforc...

J&T Banka's retail loans fell 9.03% yoy to CZK 1,300 mil in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka's retail loans reached CZK 1,300 mil in the third quarter of 2021, down 0% compared to the previous year. Czech b...

J&T Banka's net profit rose 33.3% yoy to CZK 425 mil in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka made a net profit of CZK 425 mil under revenues of CZK 1,515 mil in the third quarter of 2021, up 33.3% and 5.8...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 8,318 8,466 3,233
Net Fee Income CZK mil 2,794 2,561 958
Other Income CZK mil 97.5 1,098 719
Total Revenues CZK mil 11,210 12,125 4,910
Staff Cost CZK mil 2,803 3,229 2,089
Operating Profit CZK mil 5,410 5,590 732
Provisions CZK mil 1,816 1,937 -617
Net Profit CZK mil 2,737 2,659 1,058
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 82,497 79,135 70,214
Customer Loans CZK mil 129,777 126,344 62,713
Investments CZK mil 34,179 37,054 11,323
Total Assets CZK mil 280,273 280,564 166,236
Shareholders' Equity CZK mil 42,252 44,035 20,889
Interbank Borrowing CZK mil 0 0 0
Customer Deposits CZK mil 213,571 211,866 134,042
Issued Debt Securities CZK mil 13,797 11,657 0
Ratios 2018 2019 2020
ROE % 8.87 6.16 3.26
ROA % 1.29 0.948 0.473
Costs (As % Of Assets) % 2.74 2.33 1.87
Costs (As % Of Income) % 51.7 53.9 85.1
Capital Adequacy Ratio % 15.5 17.6 16.7
Net Interest Margin % 3.93 3.02 1.45
Loans (As % Of Deposits) % 60.8 59.6 46.8
NPLs (As % Of Loans) % 10.3 8.44 7.12
Provisions (As % Of NPLs) % 68.1 77.0 64.4
Growth Rates 2018 2019 2020
Total Revenue Growth % 98.3 8.17 -59.5
Operating Cost Growth % 151 12.7 -36.1
Operating Profit Growth % 61.8 3.32 -86.9
Net Profit Growth % 21.1 -2.84 -60.2
Customer Loan Growth % 87.8 -2.65 -50.4
Total Asset Growth % 96.0 0.104 -40.7
Customer Deposit Growth % 133 -0.799 -36.7
Shareholders' Equity Growth % 117 4.22 -52.6
Employees 650 542 557

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                  
Net Interest Income CZK mil                     2,911 3,088 3,220 3,725 8,318    
Total Revenues CZK mil                     3,975 4,206 4,664 5,652 11,210    
Operating Profit CZK mil                     1,686 1,937 2,433 3,344 5,410    
Net Profit CZK mil                     1,330 1,967 1,042 2,260 2,737    
balance sheet                                  
Interbank Loans CZK mil                     7,164 34,379 23,423 47,757 82,497    
Customer Loans CZK mil                     71,170 74,668 76,139 69,109 129,777    
Investments CZK mil                     32,880 23,912 15,504 16,249 34,179    
Total Assets CZK mil                     133,801 154,851 133,114 142,996 280,273    
                                     
Shareholders' Equity CZK mil                     15,343 16,945 19,128 19,476 42,252    
Interbank Borrowing CZK mil                     4,616 4,259 3,174 21,923 0    
Customer Deposits CZK mil                     106,946 121,812 103,053 91,704 213,571    
Issued Debt Securities CZK mil                     1,908 2,049 1,443 1,567 13,797    
ratios                                  
ROE % ...                   9.05 12.2 5.78 11.7 8.87    
ROA % ...                   1.09 1.36 0.724 1.64 1.29    
Costs (As % Of Assets) % ...                   1.88 1.57 1.55 1.67 2.74    
Costs (As % Of Income) %                     57.6 53.9 47.8 40.8 51.7    
Capital Adequacy Ratio %                     14.5 15.8 15.9 16.0 15.5    
Net Interest Margin % ...                   2.39 2.14 2.24 2.70 3.93    
Interest Income (As % Of Revenues) %                     73.2 73.4 69.0 65.9 74.2    
Fee Income (As % Of Revenues) %                     16.2 14.4 22.2 20.1 24.9    
Staff Cost (As % Of Total Cost) %                     34.6 38.2 42.4 47.0 48.3    
Equity (As % Of Assets) %                     11.5 10.9 14.4 13.6 15.1    
Loans (As % Of Deposits) %                     66.5 61.3 73.9 75.4 60.8    
Loans (As % Assets) %                     53.2 48.2 57.2 48.3 46.3    
NPLs (As % Of Loans) % ... ...                 4.72 10.2 10.0 10.7 10.3    
Provisions (As % Of NPLs) % ... ...                 29.6 19.8 34.2 39.3 68.1    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                  
Interest Income CZK mil                     5,796 5,689 5,418 5,041 10,578    
Interest Cost CZK mil                     2,885 2,601 2,198 1,316 2,260    
Net Interest Income CZK mil                     2,911 3,088 3,220 3,725 8,318    
Net Fee Income CZK mil                     642 605 1,037 1,137 2,794    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,517    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 723    
Other Income CZK mil                     422 513 407 790 97.5    
Total Revenues CZK mil                     3,975 4,206 4,664 5,652 11,210    
Staff Cost CZK mil                     793 867 946 1,084 2,803    
Depreciation CZK mil                     90.0 102 101 96.0 735    
Other Cost CZK mil                     1,406 1,300 1,184 1,128 2,262    
Operating Cost CZK mil                     2,289 2,269 2,231 2,308 5,800    
Operating Profit CZK mil                     1,686 1,937 2,433 3,344 5,410    
Provisions CZK mil                     303 754 1,023 710 1,816    
Extra and Other Cost CZK mil                     -340 -954 50.0 17.0 0    
Pre-Tax Profit CZK mil                     1,723 2,137 1,360 2,617 3,594    
Tax CZK mil                     381 261 407 421 857    
Minorities CZK mil                     12.0 -91.0 89.0 64.0 32.0    
Net Profit CZK mil                     1,330 1,967 1,042 2,260 2,737    
Net Profit Avail. to Common CZK mil                     1,330 1,967 1,042 2,260 2,705    
growth rates                                  
Net Interest Income Growth % ...                   58.9 6.08 4.27 15.7 123    
Net Fee Income Growth % ...                   43.3 -5.76 71.4 9.64 146    
Total Revenue Growth % ...                   33.1 5.81 10.9 21.2 98.3    
Operating Cost Growth % ...                   29.3 -0.874 -1.67 3.45 151    
Operating Profit Growth % ...                   38.5 14.9 25.6 37.4 61.8    
Pre-Tax Profit Growth % ...                   71.3 24.0 -36.4 92.4 37.3    
Net Profit Growth % ...                   36.1 47.9 -47.0 117 21.1    
market share                                  
Market Share in Revenues %                     2.37 2.42 2.59 3.15 5.89    
Market Share in Net Profit %                     2.11 2.96 1.41 3.00 3.36    
Market Share in Employees %                     1.71 1.67 1.75 1.74 1.55    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.102    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                  
Cash & Cash Equivalents CZK mil                     13,339 19,724 15,513 6,911 13,996    
Interbank Loans CZK mil                     7,164 34,379 23,423 47,757 82,497    
Customer Loans CZK mil                     71,170 74,668 76,139 69,109 129,777    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ...   3,729 3,709 2,808 1,983 33,537    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ...   52,014 54,435 47,293 41,723 106,085    
Investments CZK mil                     32,880 23,912 15,504 16,249 34,179    
Property and Equipment CZK mil                     560 524 355 333 884    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,161    
Goodwill CZK mil                     95.0 30.0 30.0 33.0 676    
Total Assets CZK mil                     133,801 154,851 133,114 142,996 280,273    
                                     
Shareholders' Equity CZK mil                     15,343 16,945 19,128 19,476 42,252    
Of Which Minority Interest CZK mil                     826 743 663 594 1,033    
Liabilities CZK mil                     118,458 137,906 113,986 123,520 238,021    
Interbank Borrowing CZK mil                     4,616 4,259 3,174 21,923 0    
Customer Deposits CZK mil                     106,946 121,812 103,053 91,704 213,571    
Retail Deposits CZK mil ... ... ... ... ... ... ... ...     67,230 78,721 ... ... ... ... ...
Corporate Deposits CZK mil ... ... ... ... ... ... ... ...     39,697 42,987 ... ... ... ... ...
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ...   11,009 40,533 ... ... ... ... ...
Term Deposits CZK mil ... ... ... ... ... ... ... ... ...   95,814 81,073 ... ... ... ... ...
Issued Debt Securities CZK mil                     1,908 2,049 1,443 1,567 13,797    
Other Liabilities CZK mil                     4,988 9,786 6,316 8,326 10,653    
asset quality                                  
Non-Performing Loans CZK mil ... ...                 3,407 7,757 7,905 7,690 14,449    
Gross Loans CZK mil                     72,177 76,207 78,839 72,132 139,622    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... 108,573 113,600 128,982 129,066 262,812    
Total Provisions CZK mil                     1,007 1,539 2,700 3,023 9,845    
growth rates                                  
Customer Loan Growth % ...                   18.6 4.91 1.97 -9.23 87.8    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... 19.2 -0.536 -24.3 -29.4 1,591    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... 11.2 4.65 -13.1 -11.8 154    
Total Asset Growth % ...                   21.4 15.7 -14.0 7.42 96.0    
Shareholders' Equity Growth % ...                   9.23 10.4 12.9 1.82 117    
Customer Deposit Growth % ...                   24.6 13.9 -15.4 -11.0 133    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ...   41.5 17.1 ... ... ... ... ...
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ...   3.58 8.29 ... ... ... ... ...
market share                                  
Market Share in Customer Loans %                     2.70 2.68 2.58 2.24 3.93    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...   5.95 5.91 4.85 4.08 9.82    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...   0.303 0.280 0.198 0.130 2.04    
Market Share in Total Assets %                     2.48 2.79 2.21 2.02 3.82    
Market Share in Customer Deposits %                     3.11 3.46 2.74 2.20 4.80    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ...     3.50 3.87 ... ... ... ... ...
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ...     4.74 4.66 ... ... ... ... ...
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
ROE % ...                   9.05 12.2 5.78 11.7 8.87    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... 8.17 11.8 5.73 11.7 9.31    
ROA % ...                   1.09 1.36 0.724 1.64 1.29    
Return on Loans % ...                   2.03 2.70 1.38 3.11 2.75    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... 1.55 1.74 2.01 2.59 2.76    
Costs (As % Of Assets) % ...                   1.88 1.57 1.55 1.67 2.74    
Costs (As % Of Income) %                     57.6 53.9 47.8 40.8 51.7    
Costs (As % Of Loans) % ...                   3.49 3.11 2.96 3.18 5.83    
Costs (As % Of Loans & Deposits) % ...                   1.41 1.21 1.19 1.36 2.30    
Capital Adequacy Ratio %                     14.5 15.8 15.9 16.0 15.5    
Tier 1 Ratio % ... ... ...           ... ... 11.7 12.2 14.8 15.1 15.3    
Net Interest Margin % ...                   2.39 2.14 2.24 2.70 3.93    
Interest Spread % ...                   2.06 1.91 2.02 2.54 3.75    
Asset Yield % ...                   4.75 3.94 3.76 3.65 5.00    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... 3.66 3.79 3.85 4.38 5.72    
Cost Of Liabilities % ...                   2.69 2.03 1.75 1.11 1.25    
Interest Income (As % Of Revenues) %                     73.2 73.4 69.0 65.9 74.2    
Fee Income (As % Of Revenues) %                     16.2 14.4 22.2 20.1 24.9    
Other Income (As % Of Revenues) %                     10.6 12.2 8.73 14.0 0.870    
Staff Cost (As % Of Total Cost) %                     34.6 38.2 42.4 47.0 48.3    
Equity (As % Of Assets) %                     11.5 10.9 14.4 13.6 15.1    
Equity (As % Of Loans) %                     21.6 22.7 25.1 28.2 32.6    
Loans (As % Of Deposits) %                     66.5 61.3 73.9 75.4 60.8    
Loans (As % Assets) %                     53.2 48.2 57.2 48.3 46.3    
NPLs (As % Of Loans) % ... ...                 4.72 10.2 10.0 10.7 10.3    
Provisions (As % Of NPLs) % ... ...                 29.6 19.8 34.2 39.3 68.1    
Provisions (As % Of Loans) %                     1.41 2.06 3.55 4.37 7.59    
Cost of Provisions (As % Of Loans) % ...                   0.462 1.03 1.36 0.978 1.83    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
Branches ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.00    
Employees                     688 689 717 730 650    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ... ... ... ... ... 325    
Cost Per Employee USD per month                     4,494 4,393 4,358 5,274 16,424    
Cost Per Employee (Local Currency) CZK per month                     96,051 104,862 109,949 123,744 359,338    
customer breakdown Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
Customers mil ... ... ... ... ...           0.051 0.055 0.053 0.048 ... ... ...
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ...   1,266,000 1,282,000 1,352,000 1,393,000 1,451,000    
Revenue per Customer (Local Currency) CZK ... ... ... ... ...           77,941 76,473 87,241 117,846 ... ... ...
Net Profit per Customer (Local Currency) CZK ... ... ... ... ...           26,078 35,764 19,491 47,122 ... ... ...
Loan per Customer (Local Currency) CZK ... ... ... ... ...           1,395,490 1,357,600 1,424,200 1,440,940 ... ... ...
Deposit per Customer (Local Currency) CZK ... ... ... ... ...           2,096,980 2,214,760 1,927,630 1,912,050 ... ... ...
Revenue per Customer USD ... ... ... ... ...           3,647 3,204 3,458 5,022 ... ... ...
Net Profit per Customer USD ... ... ... ... ...           1,220 1,498 772 2,008 ... ... ...
Loan per Customer USD ... ... ... ... ...           60,900 54,689 55,548 67,678 ... ... ...
Deposit per Customer USD ... ... ... ... ...           91,514 89,219 75,184 89,806 ... ... ...

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J&T Banka's npls (as % of loans) rose 4.92% yoy to 6.42% in 1Q2021

By Helgi Analytics - March 21, 2022

J&T Banka's non-performing loans reached 6.42% of total loans at the end of 2021-03-31, up from 6.12% 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 7.13% yoy to CZK 161,061 mil in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka's customer deposits reached CZK 161,061 mil in 3Q2021, up 6.12% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,949 bil in 3Q2021, up 1.60% when compared to the last year. J&T Banka accounted for 2...

J&T Banka's customer loans rose 31.9% yoy to CZK 74,608 mil in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka's customer loans reached CZK 74,608 mil in 2021-09-30, up 5.86% compared to the previous year. Czech banking sector provided customer loans of CZK 3,777 bil in 2021-09-30, up 2.04% when compared to the last year. J&T Banka accounted for ...

J&T Banka's net interest margin rose 10.7% yoy to 1.89% in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka's net interest margin amounted to 1.89% in the third quarter of 2021, down from 1.96% 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....

J&T Banka's total revenues rose 5.81% yoy to CZK 1,515 mil in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka generated total banking revenues of CZK 1,515 mil in 2021-09-30, up 7.51% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 45,285 mil in 2021-09-30, down 2.23% when compared to the last y...

J&T Banka's capital adequacy ratio fell 5.34% yoy to 17.7% in 2Q2021

By Helgi Analytics - March 21, 2022

J&T Banka's capital adequacy ratio reached 17.7% at the end of second quarter of 2021, up from 16.1% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 18.7% in 2Q2019 and an all time low of 15.6% in 1Q2018. ...

J&T Banka's costs (as % of assets) rose 0.904% yoy to 1.31% in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka's cost to income ratio reached 42.1% in the third quarter of 2021, down from 43.7% 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 34.0% in 2Q201...

J&T Banka's customer loan growth rose 59.3% yoy to 31.9% in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka's customer loan growth reached 31.9% in 2021-09-30, up from 20.0% 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 last d...

J&T Banka's net interest income rose 24.6% yoy to CZK 916 mil in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka generated total banking revenues of CZK 1,515 mil in the third quarter of 2021, up 5.81% when compared to the same period of last year and 7.51% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

J&T Banka's equity (as % of assets) rose 4.03% yoy to 11.8% in 3Q2021

By Helgi Analytics - March 21, 2022

J&T Banka's Equity reached 11.8% of total assets in the 3Q2021, up from 11.4% for the previous year. As a share of net customer loans, the ratio amounted to 31.7% at the end of the third quarter of 2021. ...

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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 13.5% and 13.5% a year on average in the last 10 years. Its loans and deposits have grown by 7.84% and 13.1% a year during that time and loans to deposits ratio reached 46.8% at the end of 2020. The company achieved an average return on equity of 8.83% in the last decade with net profit growing 14.9% a year on average. In terms of operating efficiency, its cost to income ratio reached 85.1% in 2020, compared to 55.7% average in the last decade.

Equity represented 12.6% of total assets or 33.3% of loans at the end of 2020. J&T Banka's non-performing loans were 7.12% of total loans while provisions covered some 64.4% of NPLs at the end of 2020.