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Tunisia: BCT doubles net income in 2018!

The Central Bank of Tunisia (BCT) has doubled its net profit at the end of 2018, to over 881.3 million dinars (MD), against 385.8 MD at the end of 2017.

According to the Bank’s financial statements, posted on its website on Thursday, the BCT realized proceeds of 1.246 billion dinars, mainly from “Income from Money Market Intervention Transactions”(more than 1 billion dinars in 2018, against 474 MD in 2017).

These products concern, in particular, interest earned on its interventions through tenders, but also firm purchases of treasury bills, in the framework of the open market, and the proceeds of loan facilities to 24 hours granted to banks, as well as the proceeds of deferrals on foreign exchange swap transactions.

BCT’s expenses amounted to 365 MD, and included, in particular, foreign exchange transaction costs, personnel expenses, provisions for risks, and banknotes and currency production costs.

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