Copy of Government “is somewhat late” in meeting its commitments to Volkswagen

J&T Finance Group (Patrik Tkáč and Ivan Jakabovič; Citic of China has a 10% stake), the key asset of which are J&T Banka and Poštová banka, posted a 36% drop in net profit to €79m last year. It explains the drop by creation of reserves on financial assets as client deposits as well as loans kept rising. Last year, it set up the J&T Investments Fund; among its investments is a stake in retailer Terno.

(forbes.sk)