The net banking income of the “Société Tunisienne de Banque” (STB Bank) improved by 14.5 million dinars (+10.9%) at the end of the first quarter of the current year, compared to the end of March 2019 to reach 148.2 million dinars.
The situation results from the effect of the increase in bank operating income (+33.1 million dinars or 14.3%) to reach 265.3 million dinars and the increase in bank operating expenses (+18.6 million dinars or +18.9%) which amounted to 117.1 million dinars, against 98.4 million at the end of the first quarter 2019.
Customer deposits posted a rise of 1 billion dinars (+15.5%) between March 2019 and March 2020 to 7.44 billion dinars.
At the end of last December, the outstanding deposits stood at 7.37 billion dinars.
Net credits to customers (excluding the allocation to provisions relating to the first quarter of 2020) have also risen by 1 billion dinars (+14.5%) to 8.18 billion dinars at the end of the first quarter of 2020.
The commercial securities portfolio reached an outstanding amount of 322.5 million dinars, down 2.4% compared to its level recorded at the end of March 2019.
The investment securities portfolio recorded an increase of 3.8% to reach 1.16 billion dinars.
The cost/income ratio improved by 1.93 percentage points to 38.71% at the end of the first quarter of 2020 compared to 40.64% at the end of March 2019.