A new type of business is being created and a new economy is being built in Tunisia under the impetus of the Kais Saïed government.
Amen Bank actively supports communitarian enterprises by participating in training programs organized by the Financial and Banking Council (CBF).
These initiatives aim to strengthen the skills of managers and promote effective governance.
The main objective is to support these managers by improving their skills and facilitating their access to finance.
As part of its commitment to the development of the social economy in Tunisia, AMEN BANK has also created a dedicated electronic platform: https://lnkd.in/di8dcRKq.
This tool collects financing requests and provides personalized support, ensuring proactive management and appropriate solutions.
Bankers train communitarian company managers
The CBF, chaired by Néji Ghandri, Chairman of the Management Board of AMEN Bank, organized a series of training sessions for managers of community enterprises.
This business creation model is new, both for investors and for Tunisian bankers themselves.
These training sessions were attended by banks such as BIAT, STB, UBCI, Zitouna and others, which seem keen to follow the trend, listen to communitarian entrepreneurs and explain the best management practices to ensure that their projects remain bankable.
– A successful bank
It should also be remembered that this bank is currently run by the man described on the DecarboMed website of the Mediterranean Decarbonisation Forum as “a leading player in strategic projects to modernize the Tunisian banking sector and risk management”, and whose tenure at the helm of the CBF has been the most active and positive in terms of interaction with the Tunisian financial centre as a whole.
As a socially responsible bank, AMEN ended the first 9 months of the 2024 financial year with an operating income of 901.852 million Tunisian dinars, an increase of more than 51 million Tunisian dinars, and one of the best net banking incomes on the market of 421.264 million Tunisian dinars, an improvement of around 20 million Tunisian dinars compared with the same period in 2023.
At AMEN, which is paving the way for a new customer category with this new platform for communitarian customers, customer loans, net of provisions and reserved agios, increased at the end of the third quarter from 6,938.7 MTD (million Tunisian dinars) in 2023 to 7,171.9 MTD at the end of September 2024, an increase of 233.2 million dinars or 3.4%.
Customer deposits and assets amounted to 8,371 MTD at the end of September 2024, an increase of 845.2 MTD or 11.2% compared to the end of September 2023. The cost-income ratio (a measure of profitability) reached 40.66% at the end of September 2024 compared to 39.28% at the same period in 2023, an increase of 138 basis points.
