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Tunisia: BIAT’s net banking income up sharply in H1 2018

The “Banque Internationale Arabe de Tunisie” BIAT closed the first half of 2018 with a net banking income (NBI) of 388.1 million dinars (MD), up 18.2% compared to the end of June 2017.

The formation of this NBI is broken down as follows:

– Interest margin of 210.0 million dinars, i.e. an increase of 30.2%;

– A commission margin of 85.9 million, up 7.1%;

– Other income of 92.2 million, up 6.0%.

– Operating expenses of 184.9 MD, posting a growth of 16.8%, mainly due to:

– An increase in staff costs of 4.5%;

– An increase in general operating expenses of 56.6%, mainly due to the contribution to the fund.

– An increase in general operating expenses of 56.6% resulting mainly from the contribution to the bank deposit guarantee fund provided for by Government Decree No. 2017-268;

Excluding this contribution of 13.7 MD, the evolution of the operating expenses would have been 8.1%.

Outstanding deposits of 10.654,6 MD, recording an increase of 12.0% driven by demand deposits (+ 12.9%) and savings deposits (+ 15.2%).

Outstanding net loans of 9 693.4 MD, up 19.2%.

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