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HomeNewsTunisia: BH reports half-yearly profit of 44.6 MD

Tunisia: BH reports half-yearly profit of 44.6 MD

The “Banque de l’Habitat” (BH) recorded a net profit of 44.6 million dinars (MD) in the first half of 2017, i.e. an increase of 18.7% compared to the same period of 2016.

Banking products rose 20% to 320.2 million dinars from 267 million dinars a year earlier, of which 220.4 million dinars from interest and assimilated income (+ 16.25%) and 56.9 million dinars from gains on commercial securities portfolio (+ 42.5%).

Operating expenses were up by 26.6% at the end of June 2016, from 118.9 MD to 150.6 million at June 30, 2017.

Net banking income for the period therefore grew by 14.5% to 169.6 MD compared to 148 MD a year earlier.

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