As of June 15, 2024, nineteen resident banks out of a total of twenty-two had published their annual financial statements for the 2024 fiscal year. Three institutions — BTL, TSB, and BFPME — had not yet released their accounts as of that date.
By the end of 2024, the 19 aforementioned banks recorded a net result after tax (corporate tax, social solidarity contribution, and exceptional contribution to the state budget) of 1,681.8 million dinars (MD), compared to 1,549.7 MD in net profit for the 2023 fiscal year.
Thus, the group of 19 banks improved their pre-tax net profit by 8.5%, representing an additional 132.1 MD.
Before direct taxes, their total gross result rose by 8.5%, which corresponds to an increase of 216.3 MD.
As of January 1, 2025, banks became subject, based on their 2024 taxable income, to a 48% direct tax rate on profits.
This tax is broken down as follows: Corporate Tax which increased from 35% to 40% (Finance Law 2025), Social Solidarity Contribution (CSS): initially 1% (Finance Law 2018), raised temporarily to 2% (Finance Law 2020) and now set at 4% with a minimum of 500 dinars (Finance Law 2023) and exceptional contribution to the state budget: set at 4% with a minimum of 10,000 dinars (Finance Law 2024), based on 2023 and 2024 profits.
In 2025, for the 2024 fiscal year, banks paid the state direct taxes exceeding 1 billion dinars for the first time, reaching 1,073 million dinars.
This amount represents 16.3% of total corporate tax revenues programmed in the 2025 state budget (6,578 MD) and 19.2% of corporate tax revenues excluding oil companies (5,595 MD).
