The Banque Internationale Arabe de Tunisie (BIAT) is proving resilient thanks to its financial strength and the relevance of the choices adopted to face the repercussions of the persistent health crisis.
The bank’s quarterly activity indicators as of December 31, 2020 published Wednesday, show a Net Banking Product (NBP) of 936.7 million dinars, against 956.9 million a year earlier, a decline of 2%.
At the end of December 2020, banking revenues amounted to 1.45 billion dinars, compared to 1.51 billion at the same date in 2019, posting a decline of 4.4%.
This decline is mainly the result of falling interest by 9% to 992.8 million dinars. On the other hand, commissions and income from the commercial and investment securities portfolio increased by 7% and 9% respectively.
As for bank operating expenses, they fell from 558.9 million dinars in 2019 to 511.5 million dinars at the end of last December, a decrease of 8.4%, including 507.8 million dinars of interest incurred.
Outstanding deposits reached a record 14.8 billion dinars at the end of the past year, compared to 13 billion dinars at the end of December 2019, an increase of 13.8%.
Deposits reached 7.3 billion dinars, while savings deposits amounted to 3.3 billion dinars.
The net outstanding credit stood at 11.3 billion dinars as of December 31, 2020, compared to 10.4 billion dinars on the same date in 2019.
In addition, BIAT closed the year 2020 by obtaining the AML 30000 Certification (Anti Money Laundering index 30000).
