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HomeNewsTunisia: ATB announces net profit of 23 million dinars in H1

Tunisia: ATB announces net profit of 23 million dinars in H1

The Arab Tunisian Bank (ATB) generated an NBI of 128.9 million dinars at the end of the first half of 2018, recording an increase of 15.4 million dinars, or 13.6%.

Operating expenses, for their part, grew by 11.7 million dinars, or 18.4% to 75.5 million dinars, of which 25.5 million dinars were general operating expenses.

The latter increased by 7.4 million dinars, or 40.8%. In fact, the balance of general operating expenses includes the contribution to the deposit guarantee fund of 6.7 million dinars.

The operating ratio of the bank rose from 56.2% in the first half of 2017 to 58.6% in the first half of 2018.

Income before cost of risk and taxes was up slightly by 3.7 million dinars, or 7.4%.

This gain was absorbed by higher credit risk coverage costs. Indeed, provisions and the result of credit adjustments on receivables, off balance sheet & liabilities, grew by 6.9 million dinars impacting the net result which is contracted by 4.5 million dinars (-16, 5%) to 23.2 million dinars as of June 30, 2018.

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