BNA Bank has just published its interim financial statements for the first half of the current year.
BNA Bank’s half-year financial statements show a net profit of 132.7 million dinars, compared to 90.2 million dinars at the end of June 2007, an increase of approximately 47.1%.
However, BNA was subject to a tax audit for corporation tax for the period from January 1, 2019 to December 31, 2020.
This audit covered corporate tax, instalments, VAT, withholding tax and TCL for the period from January 1, 2019 to December 31, 2020, starting from October 16, 2023.
The Bank was notified of the results of the tax audit on May 10, 2024, with a total adjustment of 72.1 million dinars, plus penalties for late payment.
As a result, the net impact on BNA’s financial statements was recognised in equity (accounting change) in the amount of 40.9 million dinars.
The increase in the bank’s half-year profit was mainly due to the 40.8% decrease in loan loss provisions, from 195.6 million dinars to 115.7 million dinars.
At the end of June, BNA Bank’s net banking income was virtually unchanged (+0.5%) compared to the same period last year, at 498.7 million dinars.
In addition, BNA had a liquidity ratio of 297.42% as of 30 June. It should be noted that banks are required to maintain a liquidity ratio of 100% during 2024.
The commitments of public entities totalled 7,017 million dinars at 30 June 2024. Office des Céréales accounted for 79% of these commitments and refinanced them with the Banque de Tunisie for 2,311 million dinars.
State guarantees received by the Bank to cover counterparty risks on public enterprises’ commitments totalled 6,429 million dinars at the end of June 2024.
