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HomeNewsTunisia: Attijari bank posts net profit of 86 MD in H1

Tunisia: Attijari bank posts net profit of 86 MD in H1

Attijari bank has just published its interim financial statements as of June 30, 2019. The latter show a net profit of 86.1 million dinars, against 74.5 million a year earlier, up 15.5%.

For the first half, operating income amounted to 399.6 million dinars, compared to 344.9 million at the end of June 2018, i.e. a growth of 16%.

This rise resulted from the increase in interest and similar income by more than 51 million dinars to reach 274.9 million.

Operating expenses amounted to 163.7 million dinars, compared with 128.9 million dinars at the end of the first six months of the previous year, registering an increase of 24%.

For this purpose, Net Banking Income (NBI) for the period rose by 10.6% to 235.9 million dinars, against 213.2 million at the end of June 2018.

Moreover, in the first half of the current year, staff costs reached 71.3 million dinars, compared to 64.5 million one year earlier, representing a growth of 10.5%, while general expenses from 31.8 to 35.6 million dinars between the two periods.

In this respect, the operating profit of the bank is in excess of 116.9 million dinars in the first half, against 111 million in 2018, an increase of 5.3%.

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