The final amount of payments to regulatory funds will increase by 30 million to the unreported 753 million in 1Q. This difference will be closed in the second quarter.
Even with a slight increase in risk capital in 1Q, management confirmed a full-year outlook of 1520 bb. in 2022, which I can use if necessary.
The growth of annual rates for client deposits is slower due to strong competition, not the management initially expected. The end of the year of mandatory minimum reserves then has a negative impact on a certain annual margin of about 10 12 bb. In the course of the year, the margin of certain years should stick together.
Management expects the mortgage market to grow by 56% this year, while KB would like to grow by 67%. For consumer loans, the entire market should grow by 67%, while the bank itself expects growth at a high single-digit or even low double-digit rate.
Overall, we consider the conference call to be neutral.
J&T BANKA, private and investment bank
Since 1998, we have been offering services and consulting that not only meet the client’s current needs, but also take into account family relationships and a longer time horizon. Protect assets not only against economic influences, but also against legislative changes and life events. Include multigenerational property management and succession, investment consulting, securities trading, property management and structuring, and life-style management services. In addition to comprehensive family office and private banking services, it provides specialized financing in the field of real estate and business acquisitions.
The bank holding J&T Finance Group SE includes the Slovak branch, J&T Banka dd in Croatia and the Slovak bank group 365 (two Potov banks) in addition to the Czech J&T Bank.
More information at: www.jtbank.cz
Tags: Komern banka Information conference call
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