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HomeNewsTunisia: Attijari bank reports net profit of 95 million dinars in H1

Tunisia: Attijari bank reports net profit of 95 million dinars in H1

Attijari bank generated a net profit of 95.2 million dinars, against 65.1 million at the end of June 2021, recording a growth of 46%, according to its interim financial statements closed on June 30.

At the end of the first half of the current year, the bank saw its half-yearly Net Banking Income (NBI) increase by 9.4% to 283.4 million dinars, against 259 million a year earlier. This increase results from the progression of the operating income at a higher rate than that of the expenses.

Indeed, Attijari bank has seen its banking operating income increase by 7.9% in the first half of the year to 439.8 million dinars, while the operating expenses have only increased by 5% to 156.4 million dinars.

In addition, allocations to provisions show a decline of 61.7% from 11.9 million dinars to 4.6 million between June 2021 and June 2022. Personnel costs, meanwhile, fell by 8% to 94.2 million dinars.

The operating result for the period is thus up 35% to 145.9 million dinars, from 108.1 million dinars as of June 30, 2021.

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