HomeNewsTunisia: Banque Zitouna reports record profit of over 70 million dinars in...

Tunisia: Banque Zitouna reports record profit of over 70 million dinars in 2022

The Banque Zitouna held its Board of Directors meeting in Doha (Qatar) on March 9, 2023 to decide on the bank’s performance for the year 2022.

It emerged that the leading bank in Tunisia in the field of Islamic finance achieved a record net profit (provisional) of around 70.7 million dinars in 2022, compared with 60.1 million dinars the previous year, up 18%.

In addition, customer deposits reached 5,087 million dinars at the end of last December, an increase of 13.1% compared to 2021. As for the financing granted to customers, they recorded a total volume of 4,632 million dinars, i.e. a rise of about 5.7%.

These achievements enabled the subsidiary of the MAJDA Tunisia Group to achieve a significant increase in its profitability, which is reflected in a Net Banking Product (NBI) of approximately 322 million dinars, compared to 290.8 million dinars in 2021, i.e. an increase of 10%.

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