TNBiz (TNBiz)
Markets  |  July 19, 2012 15:25:11

J & T Bank reported a first-half profit of 581 million crowns


PRAGUE (MEDIAFAX) - During the first six months of this year showed a J & T Bank profit in the amount of CZK 581 million, representing an annual increase of more than 50 percent. The Bank informed that on Thursday, with the annual increase reached 53procentního total assets to 83 billion.

Compared with last year, there was also an increase in loans, 42 percent to more than 38 billion. Client deposits in the period rose 26 percent to 60 billion. Capital adequacy is at 30 June this year at 11.2 percent.

"We continue to bank proceeds to consolidate all the activities of J & T from the private and investment banking, launched late last year by incorporating J & T Bank Moscow, as a subsidiary into its structure," said the PR manager of J & T Bank Monika Vesela, with the J & T Bank in the current timeWe consider Russia as one of the key areas and therefore are preparing for significant expansion and growth.

"Due to the weakening global investor interest in private services in Switzerland and minimal long-term benefits of the Zurich bank to our clients, we decided to terminate our activities here and concentrate on developing services bank in Barbados. That we as a stable and transparent international banking center also offers access to markets in Latin America, "commented the bank activities in the first half year of Stephen Asher, CEO of J & T Bank.

J & T Bank is strategically focused on clients and transactions that require an individual approach. In addition to private banking services the bank provides specialized financing for real estate and corporate acquisitions and trades in securities to private investors.At present, the J & T is in addition to Czech J & T Bank and its Slovak branch, Russian Bank, J & T Bank ZAO Bank and J & T Bank and Trust, based in Barbados.

Jan Soukup, soukupj@mediafax.cz

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J&T Banka vykázala za první pololetí letošního roku zisk 581 milionů korun

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