“Money flowing into Central and Eastern European markets has declined in the last quarter,” says Andrej Zatko, private banking director and member of the board of directors at J&T Banka. “Investors are off mood and unwilling to take on high-risk investments.”
But J&T Banka has remained strong. It recorded a net profit of Kc233 million ($12.2 million), up 14% year on year in June. Client deposits rose by 20% year on year to Kc47 billion. “We demonstrate permanent growth not only in finance but also in the number of clients we acquire, even in a market where well-known multinational banks dominate,” says Zatko.
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