The Bank of Tunisia and the Emirates saw a decrease of 2% in bank operating income compared to the year 2019, to 108.4 million dinars.
This decline is the result of a 1.4% drop in interest income to 80.1 million dinars and a 20.1% decrease in income from the commercial and investment portfolio to 5.5 million dinars.
On the other hand, operating expenses grew by 1.3% to 58.1 million dinars, following a 2% increase in interest incurred to 57.7 million dinars.
As a result, the Net Banking Product (NBI) saw a decrease of 5.6% (-3 million dinars) at the end of December 2020, compared to the end of December 2019, reaching 50.3 million dinars.
In addition, the securities portfolio (commercial and investment) went up 8.4% to 117.8 million dinars, resulting from an increase in the investment securities portfolio of 9.1% to 101.3 million.
The net outstanding credit recorded grew 9.1% in 2020 to 812 million dinars. All categories of credit have increased except for MLT loans to companies, which went down 2.2%.
MLT loans to individuals increased by 10.5%. Outstanding amounts under corporate short-term loans and outstanding leasing contracts increased by 15.1% and 12% respectively.
As for customer deposits, they recorded an increase of 13.9% at the end of December 2020, compared to 2019, to 768.2 million dinars, mainly resulting from the increase in demand deposits of 45.4%.
Term deposits fell by 13.5% while deposits in the form of savings amounted to 138 million dinars, going up 38.8%.
On the other hand, certificates of deposit rose from 86 million dinars in 2019 to 9 million dinars at the end of December 2020.