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Tuesday 15 June 2021
HomeNewsTunisia: ATB makes net profit of 6.3 million dinars in 2019

Tunisia: ATB makes net profit of 6.3 million dinars in 2019

The Arab Tunisian Bank (ATB) has just published its financial statements for the year ending December 31, 2019.

These statements show a net profit of 6.3 million dinars, against a gain of 7.4 million in 2018, i.e. a decrease of 14%.

The bank’s net banking income stood at 239.4 million dinars last year against 246.4 million in 2018, posting a decline of 3%.

This decline results from the rise in operating expenses at a faster pace than that of operating income.

Indeed, banking operating expenses increased by 21% to 335 million dinars, while operating income grew by 10% to 574.3 million dinars.

The operating result also fell by 15.4% from 9.6 million dinars in 2018 to 8.1 million dinars in 2019.

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