The outstanding loans to customers, net of provisions and reserved agios, of BNA Bank reached 11,546 million dinars as of June 30, 2021 against 11,924 million dinars as of December 31, 2021, posting a rise of 3.2%.
However, the outstanding investment securities portfolio increased substantially by 1,111 million dinars to 2,975 million dinars.
The deposits and assets of customers, have firmed up by 7% from December 31, 2020 to the end of June 2021 standing at 9,374 million dinars. The share of sight deposits in BNA’s overall deposits remained stable at 31.2%.
Driven by the surge in the margin on portfolio income of 77% to 105 million dinars and the margin on commissions of 29% to 76 million dinars, the NBI of the BNA recorded a growth of 20.7% to 375.3 million dinars although the margin on interests grew only by 0.7% to 194 million dinars.
Operating expenses were controlled within a range of +2.9% thanks to a cut in personnel costs by 1.4%.
BNA’s cost/income ratio improved significantly from 44.5% at June 30, 2020 to 38% at June 30, 2021.