The Arab Tunisian Bank (ATB) recorded a growth in its credits by 3.8%, at the end of the first half of the year, compared to December 31, 2020.
The net outstanding loans therefore rose to 5.3 billion dinars against 5.1 billion at the end of 2020.
On the other hand, customer deposits posted a slight decrease of 0.1% to 5.96 billion dinars.
With the aim of optimizing the cost of the most expensive deposits, the bank has decreased the outstanding amount of term accounts by 4% against an improvement of sight deposits by 2.9% and savings accounts by 3%. The share of sight deposits thus rose from 34.4% at December 31, 2020 to 35.5% at June 30, 2021.
However, the interest margin of the bank has fallen by 4.9% to 57.7 billion dinars. But on the other hand, the margin on commissions soared by 16.2% to 31.2 million dinars.
Finally, the margin on portfolio income rose by 4%. In fine, the bank’s Net Banking Income (NBI) came out 2.4% higher at 136.2 million dinars, compared to 133 million at June 30, 2020.
Operating expenses went down by 4% to 90.7 million dinars, thanks to the decrease in personnel costs by 4.3% and general operating expenses by 4.7%.
The bank, therefore, improve, its operating ratio by 4.5 percentage points from 71% as of June 30, 2020 to 66.6% as of June 30, 2021.