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HomeNewsTunisia: Amen Bank announces profit of over 68 MD in H1

Tunisia: Amen Bank announces profit of over 68 MD in H1

Amen Bank has released its interim financial statements as at June 30, 2019, showing a net profit up 6.5% to 68.3 million dinars against 64.1 million last year.

At the end of the first half of the current year, the bank achieved revenues of 447.7 million dinars, against 399 million one year more, representing a growth of 12.2%.

This increase results from the rise in interest and similar income of 20.7% to 316.8 million dinars.

In addition, commissions (in revenue) reached 55.1 million dinars, compared to 49.9 million dinars in June 2018, while gains on commercial securities portfolio decreased from 44.7 million to 31.1 million dinars.

Operating expenses amounted to 248.8 million dinars, compared to 209.6 million at the end of June 2018, an increase of 18.7%.

Indeed, the Net Banking Product (NBP) posted an increase of 5% to be 198.8 million dinars, against 189.4 million a year earlier.

Operating profit thus grew by 5.6% to 74.8 million dinars, compared to 70.8 million in the first half of 2018.

In the end, the net result of the period reached 68.3 million dinars, against 64.8 million, a year earlier, thus posting an increase of 6.5%.

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