J&T BANKA closed the first half of this year with total assets of CZK 345.52 billion (+18%) and a net profit exceeding CZK 3.94 billion (+27%). That is according to the Bank’s audited consolidated results.
Despite a continuous lowering of interest rates, the growth in total assets was influenced positively especially by increased deposit volumes received from clients (CZK 243.74 billion), which clients began to enhance through investments, especially into funds. The fastest growing fund in the first half of the year was J&T ARCH, whose assets expanded to more than EUR 3 billion, solidifying its position as the largest Czech fund. Among retail funds, J&T Bond attracted the most interest from investors, as its assets increased by CZK 2 billion (+32% year on year) to CZK 8 billion. Among equity funds, J&T Opportunity grew the most, with assets exceeding CZK 2.2 billion. As of the end of June, total assets under active management exceeded CZK 191.2 billion.
After a certain stabilization last year, the volume of loans granted also recorded a year-on-year rise through the first six months to exceed CZK 104.97 billion.
During the first half of the year, the international rating agency Moody’s confirmed the Bank’s rating at Baa2 with a stable outlook.
Owners’ equity increased by CZK 3.86 billion year on year to total CZK 41.22 billion at the end of 2024’s first half. Capital adequacy on a consolidated basis reached 22.53%. That means the Bank is sufficiently capitalized for its continuing development.