BH Bank benefited from a homogeneous growth of the components of its Net Banking Product (NBI) which reached 270 million dinars, at the end of the first half of the current year, against 220.5 million as of June 30, 2020.
In fact, the interest margin improved by 25%, in parallel with the appreciation of the commission margin by 19% and the margin on securities portfolio management income of 20%.
Operating expenses were controlled (+1.4%) to 92.1 million dinars thanks to the stabilization of personnel costs to 62 million dinars.
The immobilization of operating expenses amid good growth in NBI benefited the bank’s operating ratio, which rose from 41.2% at June 30, 2020 to 34.1% at the end of last June.
The outstanding loans to customers of BH Bank recorded a slight contraction of 2.9%, as of June 30, 2021, compared to the end of 2020, to 9,546 million dinars against an increase in the value of the securities portfolio by 1.2% to 1,603 million dinars.
Customer deposits stalled at 7,283 million dinars. The positive collection of sight deposits and term accounts was offset by the decline in the outstanding amount of term deposits.