The “Banque de l’Habitat” saw its Net Banking Income increase by 77 million dinars (+ 25%) to 384.1 million in 2017.
This growth is mainly due to the increase in the interest margin (+ 22.2%), margin on commission (+ 17.3%) and income from the commercial and investment securities portfolio (+ 34.9%).
Customer deposits grew 14.3% compared to 2016 to reach an outstanding of 5.93 billion dinars, mainly due to the rise in demand deposits (+ 32.4%), savings deposits (+9.1%) and maturities (+ 7.5%).
As for the outstanding receivables on customers, it increased 23.11% totaling 7.72 billion dinars against 6.27 billion at end 2016.
The bank’s activity indicators, drawn up at the end of last December, also show an increase in borrowings and special resources of 20%, mainly due to the issuance of a 2017 subordinated bond issue for 70 million dinars and the issuance of an ADB loan amounting to 180 million dinars.
In addition, operating expenses grew 10.4% year-on-year, mainly due to higher salaries (+ 11%) and general operating expenses (+ 7.3%).