BNA Bank has just published its interim financial statements for the year ended June 30, 2023. These statements show a net profit of TND 90.2 million dinars, compared with TND 110.2 million, a year earlier, down 18%.
This decline was mainly due to the sharp increase in risk-related costs, which rose to 195.6 million dinars at the end of June, compared with 146.3 million dinars in the first half of 2022, an increase of 36.4%.
However, income from banking operations rose by 25.2% to 1 billion dinars, compared with 850.8 million dinars a year earlier, reflecting a 24.5% increase in interest and similar income to TND 795.2 million.
Banking operating expenses rose from TND 402.8 million in June 2022 to TND 568.7 million last June, representing a significant increase of 41.2%.
As a result, Net Banking Income (NBI) for the period rose by 10.8% to TND 496.3 million, compared with TND 448 million a year earlier.
Personnel costs rose by 8.4% to TND 127 million, while general operating expenses increased by 4.6% to TND 39.2 million.
