The activity of the Bank of Tunisia and the Emirates (BTE) was marked by a -2.7% drop in banking operating income in the first three months of the current year, compared to the same period of 2019, to 23.5 million dinars due to the drop in interest by -7.9% or -1.4 million dinars.
On the other hand, net gains on foreign exchange transactions, income from the investment and trading portfolio and commissions grew compared to the first quarter of 2019.
At the same time, banking operating expenses increased by 11% during the first quarter to reach 15.9 million dinars.
To this end, the Net Banking Product posted a decrease of -22.7% (i.e. -2.2 million dinars) at the end of March 2020, compared to the first quarter of 2019 to 7.6 million dinars.
The securities portfolio stabilized at 108.8 million dinars (-0.9%), resulting from a decrease of 3.6 million dinars in the commercial securities portfolio and an increase of 2.6 million dinars in the investment securities portfolio.
The net outstanding loans amounted to 740.4 million dinars at the end of March against 744.4 million on 31 December 2019.
MLT loans to individuals increased by 19.7 million dinars (+6.8%) while MLT loans to companies went up by 6.6% to 168.9 million dinars.
Customer deposits reached 676.2 million dinars at the end of the first quarter against 674.8 million at the end of December 2019.
On the other hand, sight deposits decreased by 2.5 million dinars while savings deposits amounted to 100.6 million dinars at the end of March against 99.4 million at the end of December 2019.
