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J&T Banka

J&T Banka's net interest margin rose 16.0% yoy to 3.66% in 3Q2023

By Helgi Library - November 23, 2023

J&T Banka's net interest margin amounted to 3.66% in the third quarter of 2023, down from 3.70% when compared to the previou...

J&T Banka's total revenues rose 226% yoy to CZK 3,899 mil in 2Q2023

By Helgi Library - November 23, 2023

J&T Banka generated total banking revenues of CZK 3,899 mil in 2023-06-30, up 42.4% compared to the previous year. Cze...

J&T Banka's capital adequacy ratio fell 0.111% yoy to 22.4% in 3Q2023

By Helgi Library - November 23, 2023

J&T Banka's capital adequacy ratio reached 22.4% at the end of third quarter of 2023, up from 21.4% when compared to the prev...

Profit Statement 2020 2021 2022
Net Interest Income CZK mil 3,233 3,983 6,641
Net Fee Income CZK mil 958 1,214 1,414
Other Income CZK mil 719 -18.6 2,327
Total Revenues CZK mil 4,910 5,179 10,382
Staff Cost CZK mil 2,089 1,002 1,354
Operating Profit CZK mil 732 3,005 7,619
Provisions CZK mil -617 1,126 1,722
Net Profit CZK mil 1,058 1,459 4,120
Balance Sheet 2020 2021 2022
Interbank Loans CZK mil 70,214 98,455 123,170
Customer Loans CZK mil 62,713 61,684 58,835
Investments CZK mil 11,323 12,301 13,101
Total Assets CZK mil 166,236 194,134 220,172
Shareholders' Equity CZK mil 20,889 23,477 35,054
Interbank Borrowing CZK mil 0 4,371 8,520
Customer Deposits CZK mil 134,042 149,306 159,575
Issued Debt Securities CZK mil 0 13,237 9,614
Ratios 2020 2021 2022
ROE % 3.26 6.58 14.1
ROA % 0.473 0.810 1.99
Costs (As % Of Assets) % 1.87 1.21 1.33
Costs (As % Of Income) % 85.1 42.0 26.6
Capital Adequacy Ratio % 16.7 17.7 20.4
Net Interest Margin % 1.45 2.21 3.21
Loans (As % Of Deposits) % 46.8 41.3 36.9
NPLs (As % Of Loans) % 7.12 8.42 8.21
Provisions (As % Of NPLs) % 64.4 54.0 79.4
Growth Rates 2020 2021 2022
Total Revenue Growth % -59.5 5.48 100
Operating Cost Growth % -36.1 -48.0 27.1
Operating Profit Growth % -86.9 311 154
Net Profit Growth % -60.2 37.9 182
Customer Loan Growth % -50.4 -1.64 -4.62
Total Asset Growth % -40.7 16.8 13.4
Customer Deposit Growth % -36.7 11.4 6.88
Shareholders' Equity Growth % -52.6 12.4 49.3
Employees 557 591 671

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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
income statement                                      
Net Interest Income CZK mil                         3,220 3,725 8,318 8,466 3,233    
Total Revenues CZK mil                         4,664 5,652 11,210 12,125 4,910    
Operating Profit CZK mil                         2,433 3,344 5,410 5,590 732    
Net Profit CZK mil                         1,042 2,260 2,737 2,659 1,058    
balance sheet                                      
Interbank Loans CZK mil                         23,423 47,757 82,497 79,135 70,214    
Customer Loans CZK mil                         76,139 69,109 129,777 126,344 62,713    
Investments CZK mil                         15,504 16,249 34,179 37,054 11,323    
Total Assets CZK mil                         133,114 142,996 280,273 280,564 166,236    
                                         
Shareholders' Equity CZK mil                         19,128 19,476 42,252 44,035 20,889    
Interbank Borrowing CZK mil                         3,174 21,923 0 0 0    
Customer Deposits CZK mil                         103,053 91,704 213,571 211,866 134,042    
Issued Debt Securities CZK mil                         1,443 1,567 13,797 11,657 0    
ratios                                      
ROE % ...                       5.78 11.7 8.87 6.16 3.26    
ROA % ...                       0.724 1.64 1.29 0.948 0.473    
Costs (As % Of Assets) % ...                       1.55 1.67 2.74 2.33 1.87    
Costs (As % Of Income) %                         47.8 40.8 51.7 53.9 85.1    
Capital Adequacy Ratio %                         15.9 16.0 15.5 17.6 16.7    
Net Interest Margin % ...                       2.24 2.70 3.93 3.02 1.45    
Interest Income (As % Of Revenues) %                         69.0 65.9 74.2 69.8 65.8    
Fee Income (As % Of Revenues) %                         22.2 20.1 24.9 21.1 19.5    
Staff Cost (As % Of Total Cost) %                         42.4 47.0 48.3 49.4 50.0    
Equity (As % Of Assets) %                         14.4 13.6 15.1 15.7 12.6    
Loans (As % Of Deposits) %                         73.9 75.4 60.8 59.6 46.8    
Loans (As % Assets) %                         57.2 48.3 46.3 45.0 37.7    
NPLs (As % Of Loans) % ... ...                     10.0 10.7 10.3 8.44 7.12    
Provisions (As % Of NPLs) % ... ...                     34.2 39.3 68.1 77.0 64.4    
valuation                                      
Book Value Per Share Growth % ...                       4.27 15.7 123 1.78 -61.8    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
income statement                                      
Interest Income CZK mil                         5,418 5,041 10,578 11,017 4,710    
Interest Cost CZK mil                         2,198 1,316 2,260 2,551 1,478    
Net Interest Income CZK mil                         3,220 3,725 8,318 8,466 3,233    
Net Fee Income CZK mil                         1,037 1,137 2,794 2,561 958    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,517 3,546 1,258    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 723 985 300    
Other Income CZK mil                         407 790 97.5 1,098 719    
Insurance Premium Earned CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Total Revenues CZK mil                         4,664 5,652 11,210 12,125 4,910    
Staff Cost CZK mil                         946 1,084 2,803 3,229 2,089    
Depreciation CZK mil                         101 96.0 735 1,104 1,074    
Other Cost CZK mil                         1,184 1,128 2,262 2,203 1,015    
Operating Cost CZK mil                         2,231 2,308 5,800 6,535 4,178    
Operating Profit CZK mil                         2,433 3,344 5,410 5,590 732    
Provisions CZK mil                         1,023 710 1,816 1,937 -617    
Extra and Other Cost CZK mil                         50.0 17.0 0 0 0    
Pre-Tax Profit CZK mil                         1,360 2,617 3,594 3,652 1,349    
Tax CZK mil                         407 421 857 993 292    
Minorities CZK mil                         89.0 64.0 32.0 -0.829 0    
Net Profit CZK mil                         1,042 2,260 2,737 2,659 1,058    
Net Profit Avail. to Common CZK mil                         1,042 2,260 2,705 2,660 1,058    
growth rates                                      
Net Interest Income Growth % ...                       4.27 15.7 123 1.78 -61.8    
Net Fee Income Growth % ...                       71.4 9.64 146 -8.35 -62.6    
Total Revenue Growth % ...                       10.9 21.2 98.3 8.17 -59.5    
Operating Cost Growth % ...                       -1.67 3.45 151 12.7 -36.1    
Operating Profit Growth % ...                       25.6 37.4 61.8 3.32 -86.9    
Pre-Tax Profit Growth % ...                       -36.4 92.4 37.3 1.63 -63.1    
Net Profit Growth % ...                       -47.0 117 21.1 -2.84 -60.2    
market share                                      
Market Share in Revenues %                         2.59 3.15 5.89 6.00 2.72    
Market Share in Net Profit %                         1.41 3.00 3.36 2.92 2.23    
Market Share in Employees %                         1.75 1.74 1.55 1.30 1.37    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.102 0.105 0.119    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
balance sheet                                      
Cash & Cash Equivalents CZK mil                         15,513 6,911 13,996 14,381 3,856    
Interbank Loans CZK mil                         23,423 47,757 82,497 79,135 70,214    
Customer Loans CZK mil                         76,139 69,109 129,777 126,344 62,713    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ...       2,808 1,983 33,537 37,676 1,788    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ...       47,293 41,723 106,085 97,446 63,939    
Investments CZK mil                         15,504 16,249 34,179 37,054 11,323    
Property and Equipment CZK mil                         355 333 884 2,134 1,663    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,161 1,293 105    
Goodwill CZK mil                         30.0 33.0 676 127 0 ... ...
Total Assets CZK mil                         133,114 142,996 280,273 280,564 166,236    
                                         
Shareholders' Equity CZK mil                         19,128 19,476 42,252 44,035 20,889    
Of Which Minority Interest CZK mil                         663 594 1,033 990 0    
Liabilities CZK mil                         113,986 123,520 238,021 236,529 145,348    
Interbank Borrowing CZK mil                         3,174 21,923 0 0 0    
Customer Deposits CZK mil                         103,053 91,704 213,571 211,866 134,042    
Retail Deposits CZK mil ... ... ... ... ... ... ... ...         ... ... ... ... ... ...  
Corporate Deposits CZK mil ... ... ... ... ... ... ... ...         ... ... ... ... ... ... ...
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ...
Term Deposits CZK mil ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ...
Issued Debt Securities CZK mil                         1,443 1,567 13,797 11,657 0    
Other Liabilities CZK mil                         6,316 8,326 10,653 13,007 11,306    
asset quality                                      
Non-Performing Loans CZK mil ... ...                     7,905 7,690 14,449 11,406 4,679    
Gross Loans CZK mil                         78,839 72,132 139,622 135,122 65,727    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ...     128,982 129,066 262,813 104,728 118,419    
Total Provisions CZK mil                         2,700 3,023 9,845 8,778 3,014    
growth rates                                      
Customer Loan Growth % ...                       1.97 -9.23 87.8 -2.65 -50.4    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...     -24.3 -29.4 1,591 12.3 -95.3    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...     -13.1 -11.8 154 -8.14 -34.4    
Total Asset Growth % ...                       -14.0 7.42 96.0 0.104 -40.7    
Shareholders' Equity Growth % ...                       12.9 1.82 117 4.22 -52.6    
Customer Deposit Growth % ...                       -15.4 -11.0 133 -0.799 -36.7    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ...
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ...
market share                                      
Market Share in Customer Loans %                         2.58 2.24 3.93 3.66 1.74    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...       4.85 4.08 9.82 8.70 5.69    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...       0.198 0.130 2.04 2.16 0.096    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...       0.198 0.130 2.04 2.16 0.096   ...
Market Share in Total Assets %                         2.23 2.04 3.85 3.71 2.09    
Market Share in Customer Deposits %                         2.74 2.20 4.80 4.47 2.60    
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
                                       
ROE % ...                       5.78 11.7 8.87 6.16 3.26    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 6.50 3.33    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ...     5.73 11.7 9.31 9.65 6.32    
ROA % ...                       0.724 1.64 1.29 0.948 0.473    
Return on Loans %                         1.38 3.11 2.75 2.08 1.12    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ...     2.01 2.59 2.76 3.04 0.656    
Costs (As % Of Assets) % ...                       1.55 1.67 2.74 2.33 1.87    
Costs (As % Of Income) %                         47.8 40.8 51.7 53.9 85.1    
Costs (As % Of Loans) % ...                       2.96 3.18 5.83 5.10 4.42    
Costs (As % Of Loans & Deposits) % ...                       1.19 1.36 2.30 1.92 1.56    
Capital Adequacy Ratio %                         15.9 16.0 15.5 17.6 16.7    
Tier 1 Ratio % ... ... ...           ... ...     14.8 15.1 15.3 17.4 16.7    
Net Interest Margin % ...                       2.24 2.70 3.93 3.02 1.45    
Interest Spread % ...                       2.02 2.54 3.75 2.85 1.33    
Asset Yield % ...                       3.76 3.65 5.00 3.93 2.11    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ...     3.85 4.38 5.72 6.60 4.40    
Cost Of Liabilities % ...                       1.75 1.11 1.25 1.07 0.774    
Interest Income (As % Of Revenues) %                         69.0 65.9 74.2 69.8 65.8    
Fee Income (As % Of Revenues) %                         22.2 20.1 24.9 21.1 19.5    
Other Income (As % Of Revenues) %                         8.73 14.0 0.870 9.05 14.6    
Staff Cost (As % Of Total Cost) %                         42.4 47.0 48.3 49.4 50.0    
Equity (As % Of Assets) %                         14.4 13.6 15.1 15.7 12.6    
Equity (As % Of Loans) %                         25.1 28.2 32.6 34.9 33.3    
Loans (As % Of Deposits) %                         73.9 75.4 60.8 59.6 46.8    
Loans (As % Assets) %                         57.2 48.3 46.3 45.0 37.7    
NPLs (As % Of Loans) % ... ...                     10.0 10.7 10.3 8.44 7.12    
Provisions (As % Of NPLs) % ... ...                     34.2 39.3 68.1 77.0 64.4    
Provisions (As % Of Loans) %                         3.55 4.37 7.59 6.95 4.81    
Cost of Provisions (As % Of Loans) % ...                       1.36 0.978 1.83 1.51 -0.653    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                       
Branches ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.00 2.00 2.00    
Employees                         717 730 650 542 557    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ... ... ... ... ... 325 271 279    
Cost Per Employee USD per month                         4,358 5,274 16,424 22,023 14,202    
Cost Per Employee (Local Currency) CZK per month                         109,949 123,744 359,338 496,482 312,511    
Insurance Fee Income (As % of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
customer breakdown Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                       
Customers mil ... ... ... ... ...               0.053 0.048 ... ... ... ... ...
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ...       1,352,000 1,393,000 1,451,000 1,444,000 1,444,000 ... ...
Revenue per Customer (Local Currency) CZK ... ... ... ... ...               87,241 117,846 ... ... ... ... ...
Net Profit per Customer (Local Currency) CZK ... ... ... ... ...               19,491 47,122 ... ... ... ... ...
Loan per Customer (Local Currency) CZK ... ... ... ... ...               1,424,197 1,440,942 ... ... ... ... ...
Deposit per Customer (Local Currency) CZK ... ... ... ... ...               1,927,629 1,912,054 ... ... ... ... ...
Revenue per Customer USD ... ... ... ... ...               3,458 5,022 ... ... ... ... ...
Net Profit per Customer USD ... ... ... ... ...               772 2,008 ... ... ... ... ...
Loan per Customer USD ... ... ... ... ...               55,548 67,678 ... ... ... ... ...
Deposit per Customer USD ... ... ... ... ...               75,183 89,806 ... ... ... ... ...

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J&T Banka's net profit fell 25.1% yoy to CZK 1,707 mil in 3Q2023

By Helgi Library - November 23, 2023

J&T Banka made a net profit of CZK 1,707 mil in the third quarter of 2023, down 25.1% when compared to the same period of last year. This implies a return on equity of 18.2%. Historically, the bank’s net profit reached an all time high of CZK 2,277 mil in 3Q2...

J&T Banka's net profit fell 25.1% yoy to CZK 1,707 mil in 3Q2023

By Helgi Library - November 23, 2023

J&T Banka made a net profit of CZK 1,707 mil under revenues of CZK 2,998 mil in the third quarter of 2023, down 25.1% and 18.2% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZK 2,...

J&T Banka's employees rose 1.85% yoy to 676 in 3Q2023

By Helgi Library - November 23, 2023

J&T Banka employed 676 persons in 2023-09-30, down 6.02% 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 521 in 2019-03-31. Average cost reached USD 9,032 per month...

J&T Banka's npls (as % of loans) rose 0.115% yoy to 8.67% in 3Q2023

By Helgi Library - November 23, 2023

J&T Banka's non-performing loans reached 8.67% of total loans at the end of 2023-09-30, up from 8.66% 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 - Market Share in Bank Loans

By Helgi Library - November 23, 2023

J&T Banka's customer loans reached CZK 59,142 mil in 2023-06-30, down 0.600% compared to the previous year. Czech banking sector provided customer loans of CZK 4,206 in 2023-06-30, up 2.15% when compared to the last year. J&T Banka accounted for 1...

J&T Banka - Market Share in Bank Deposits

By Helgi Library - November 23, 2023

J&T Banka's customer deposits reached CZK 192,000 mil in 2Q2023, up 1.05% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,832 bil in 2Q2023, up 3.12% when compared to the last year. J&T Banka accounted for 2...

J&T Banka's net interest income rose 25.9% yoy to CZK 2,418 mil in 3Q2023

By Helgi Library - November 23, 2023

J&T Banka generated total banking revenues of CZK 2,998 mil in the third quarter of 2023, down 18.2% when compared to the same period of last year and 23.1% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

J&T Banka - Market Share in Retail Loans

By Helgi Library - November 23, 2023

J&T Banka's retail loans reached CZK 1,800 mil in the second quarter of 2023, down 0% compared to the previous year. Czech banking sector provided retail loans of CZK 2,203 bil in 2Q2023, up 2.19% when compared to the last year. J&T Banka accounte...

J&T Banka's costs (as % of assets) rose 11.3% yoy to 1.29% in 3Q2023

By Helgi Library - November 23, 2023

J&T Banka's cost to income ratio reached 28.4% in the third quarter of 2023, up from 22.6% 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 3Q2022....

J&T Banka's customer loan growth rose 15.5% yoy to -2.81% in 3Q2023

By Helgi Library - November 23, 2023

J&T Banka's customer loan growth reached -2.81% in 2023-09-30, up from -3.32% 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...

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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 9.55% a year on average in the last 10 years. Its loans and deposits have grown by 3.64% and 9.56% a year during that time and loans to deposits ratio reached 36.9% at the end of 2022. The company achieved an average return on equity of 8.68% in the last decade with net profit growing 15.0% a year on average. In terms of operating efficiency, its cost to income ratio reached 26.6% in 2022, compared to 51.9% average in the last decade.

Equity represented 15.9% of total assets or 59.6% of loans at the end of 2022. J&T Banka's non-performing loans were 8.21% of total loans while provisions covered some 79.4% of NPLs at the end of 2022.