The BH Bank has just published its financial statements for the year ending December 31, 2021. These statements show a net profit of 134.7 million dinars, against 73 million a year earlier, a growth of 85%.
This sharp increase in profits is due to the rise in net banking income of 12% (+63 million dinars) to 569.5 million dinars, against 506.8 million in 2020, due mainly to the sharp decline in operating expenses by nearly 20% from 616 to 495 million dinars.
The bank has seen its allocations to provisions on receivables fall by 26% to 126.2 million dinars, against 171.5 million in late December 2020.
As for personnel costs, they went up from 124.6 million dinars to 150 million between 2020 and 2021, a growth of 20%.
The operating result is thus up 65% to 231.8 million dinars, against 140.4 million in 2020.
The tax on profits, meanwhile, increased by 53% last year to 69.4 million dinars, against 45.3 million in 2020.
