The Board of Directors of Arab Tunisian Bank (ATB) called shareholders to an Ordinary General Assembly Meeting on Monday, April 28, 2025.
During his address, Riadh Hajjej, CEO of ATB, affirmed that continuing the bank’s comprehensive restructuring strategy remains the most optimal—and only—path to recovery, sustainability, and future profitability.
“We assure you that we have made significant progress and achieved concrete advancements in restructuring several areas of the bank’s operations (…). These efforts are beginning to pay off, particularly through: better control of credit risks, enhanced digitalization of internal and external operations and a reorganization focused on customer service.”
He also emphasized that, during this pivotal phase of its history, the bank enjoys the full support of its long-term shareholders.
Arab Bank Group, the major shareholder, provides ongoing technical assistance to implement key projects and overcome temporary technical challenges—particularly in IT system upgrades.
Net banking income up 6.39%
ATB reported a net banking income (NBI) of 380.167 million dinars (MD), a 6.39% increase.
Operating profit reached 21.64 MD, compared to 6.19 MD in 2023.
As part of its cost-control strategy, the bank successfully limited the growth of its general operating expenses, which decreased by 1% in 2024.
This helped improve its cost-to-income ratio by 87 basis points, reaching 63.88% in 2024 (vs. 64.75% in 2023).
On the balance sheet side, customer deposits and holdings rose to 7.07 billion dinars (+11.38%), while customer loans reached 5.4 billion dinars (+0.62%).
Regarding its commercial strategy, ATB continued financing various economic sectors while maintaining prudent growth in gross loans.
At the same time, to ensure strong liquidity in an economy still in early recovery, the bank successfully increased its deposit volume.
Solvency ratio at 10.49%
ATB swung from a loss to a profit, with net income more than doubling—from -9.41 MD at the end of 2023 to 10.22 MD at the end of 2024.
The bank paid corporate tax of 6.93 MD (vs. 1.57 MD a year earlier) and a temporary state budget contribution of 1.17 MD (vs. 10 MD in 2023).
It closed 2024 with a solvency ratio of 10.49% and a liquidity coverage ratio (LCR) of 408.62%.
Meanwhile, the non-performing loan (NPL) ratio stood at 14.42%, while the NPL coverage ratio improved to 73.14% in 2024 (vs. 70.95% in 2023).
Additionally, throughout 2024, ATB continued gradually deploying its new integrated banking system.
It should be noted that the Board of Directors proposed no dividend distribution.
