J&T banka d.d. (formerly Vaba d.d. banka Varaždin)

Vaba d.d. Banka Varaždin (VABA Banka) was incorporated in 1994 as Brodsko-posavska banka d.d. and changed its name to Vaba d.d. Banka Varaždin in 2005. In 2014-2015 the bank was recapitalized by J&T Banka (Czech Republic) and J&T Bank became the majority owner of Vaba d.d. Banka Varaždin. VABA Banka offers a range of retail and corporate banking products and services to domestic and international clients.

Bank Category

Commercial banks

Services

Retail Banking
Corporate Banking

Products

Financials

Total Assets (2017)
1 276.20 mln HRK  (-16.82%)
Annual Profit (2017)
-29 073 000.00 HRK  (-66.42%)

J&T banka d.d. is the 23rd largest bank in Croatia in terms of total assets. In 2017 its total assets were 1 276,20 mln HRK, providing the bank with the market share of 0.32%. In 2017 the bank's annual profit was -29,07 mln HRK.

J&T banka d.d. participates in deposit guarantee scheme of Croatia. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Aleja kralja Zvonimira 1, 42000, Varaždin, Croatia
+385 42 659-400
+385 42 659-401

J&T banka d.d. is headquartered in Varaždin.

Bank Identifiers

BIC (SWIFT)
VBVZHR22
MFI ID
HR38182927268
Bank Sort Code
2489004

Business Summary

Eligible Clients
domestic and international
Services
retail banking
corporate banking
Products
current accounts
debit cards
savinds accounts
time deposit accounts (0.30 - 0.80 %)
consumer loans
business accounts
business debit cards
business loans

J&T banka d.d. provides products and services in the areas of retail banking, corporate banking. The range of products offered by J&T banka d.d. includes current accounts, debit cards, savinds accounts, time deposit accounts (0.30 - 0.80 %), consumer loans, business accounts, business debit cards, business loans. J&T banka d.d. makes its solutions available to domestic and international.

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with J&T banka d.d. are covered by deposit guarantee scheme of Croatia up to 100 000 EUR per depositor. J&T banka d.d. offers the following time deposit accounts.

Updated on 14 December 2018

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.30 %
Deposit Term (months)
6
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.30 %
Deposit Term (months)
6
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.70 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.70 %
Deposit Term (months)
12
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
24
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
24
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
36
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
36
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
48
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
48
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
60
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
60
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
120
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
120
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
1 276.20 mln HRK  (-16.82%)
Total Equity (2017)
138.07 mln HRK  (-16.76%)

In 2017 total assets of J&T banka d.d. were 1 276.20 mln HRK. Decline compared to the previous period (2016) was -16.82%. The evolution of the total assets of J&T banka d.d. is shown at Chart 1 below.

Total Assets of J&T banka d.d..

Chart 1. Total Assets of J&T banka d.d..

Recent changes in total assets of J&T banka d.d. and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 16.6 9.4 -43.53%
Loans 819.3 624.9 -23.73%
Total Assets 1 534.3 1 276.2 -16.82%
Table 1. Recent changes in total assets of J&T banka d.d. (mln HRK).

Recent changes in total liabilities of J&T banka d.d. and its main components are shown in Table 2.

2016 2017 % change
Deposits 1 240.2 939.6 -24.23%
Total Liabilities 1 534.3 1 276.2 -16.82%
Table 2. Recent changes in total liabilities of J&T banka d.d. (mln HRK).

Profit and Loss

Annual Profit (2017)
-29 073 000.00 HRK  (-66.42%)

Recent changes in gross profit of J&T banka d.d. and its main components are shown in Table 3.

2016 2017 % change
Interest Income 70.6 61.3 -13.20%
Interest Charges -39.3 -20.6 -47.54%
Net Interest Income 31.3 40.7 +29.93%
Commission Income 7.2 7.0 -1.72%
Commission Charges -3.3 -1.8 -45.42%
Net Commission Income 3.9 5.3 +34.95%
Table 3. Recent changes in gross profit of J&T banka d.d. (mln HRK).

In 2017 annual profit of J&T banka d.d. was -29 073 000.00 HRK. Decline compared to the previous period (2016) was -66.42%. The evolution of the annual profit of J&T banka d.d. is shown at Chart 2 below.

Annual Profit of J&T banka d.d..

Chart 2. Annual Profit of J&T banka d.d..

Market Share and Rank (among banks in Croatia)

Total Assets (2017)
23rd (market share 0.32%)

In 2017 J&T banka d.d. was ranked the 23rd largest bank in Croatia in terms of total assets, having 0.32% of the domestic market share.

Market share of J&T banka d.d. (among banks in Croatia)

Chart 3. Market share of J&T banka d.d. (among banks in Croatia)

Several banks having the market shares and ranks closest to J&T banka d.d. are shown below.

RankNameTotal AssetsMarket Share
22 Slatinska banka d.d.1593.86 mln HRK0.40%
23 J&T banka d.d.1276.20 mln HRK0.32%
24 Raiffeisen stambena štedionica d.d.1196.11 mln HRK0.30%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Croatia are obliged to participate in Croatian deposit guarantee scheme.

In the case of J&T banka d.d. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, small entrepreneurs and non-profit organisations
Covered Accounts  all deposits
Maximum Protected Amount  100 000 EUR
Paid In Currency  HRK

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of J&T banka d.d. and its components are shown in the table below.

BIC  VBVZHR22
Bank BIC Code  VBVZ
Country Code  HR (Croatia)
Location Code  22
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of J&T banka d.d. is shown in the table below.

MFI ID  HR38182927268

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  2489004

European Presence: 3 banks in 3 countries

J&T banka d.d. operates under the brand name JT Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Croatia

  •  (this bank) J&T banka d.d. (Varaždin)

Czech Republic

Slovakia

Defunct Banks: 1 bank in 1 country

The following banks operating under JT Bank brand name has been recently closed down:

Switzerland