Its audited consolidated results show that the J&T FINANCE GROUP SE bank holding closed the first half of this year with a net profit of EUR 146 million and total assets in excess of EUR 16.1 billion.
Contributing in particular to 10% growth in total assets since the beginning of the year was an increase in client deposits by EUR 712 million to almost EUR 11 billion. That growth is due to the development of interest rates and the market situation, as well as a very promising start of J&T BANKA’s Frankfurt branch, which opened in March of this year.
The Group also recorded growth in the volume of assets under management, which had reached EUR 9.3 billion by the end of June. That was positively reflected in a gain of more than 20% in net fees and commissions income year on year.
Contributing to J&T FINANCE GROUP SE’s first-half results were J&T BANKA group, with a profit of CZK 3.1 billion (EUR 131 million), and 365.bank group, with a profit of EUR 36 million. In addition, both financial institutions obtained ratings from Moody’s. J&T BANKA received an investment-grade rating of Baa2 with stable outlook and 365.bank a deposit and issuer rating of Ba1 with positive outlook.
Shareholders’ equity as of the end of 2023’s first half exceeded EUR 2.1 billion and capital adequacy on a consolidated basis came to 17.75%. The liquidity surplus together with sufficient capital adequacy make J&T FINANCE GROUP SE sufficiently strong and at the same time prepared for further development and growth opportunities.