The Bank of Tunisia and the Emirates (BTE) saw a 13.6 % decline in its net banking income to 29.7 million dinars, during the first half of 2022, compared to 34.3 million a year earlier.
This decline is the result of the 0.5% decrease in banking operating income compared to the first half of 2021 resulting from the decline in interest by 5.8% and net gains on foreign exchange transactions by 39%.
On the other hand, fees and commissions as well as commercial and investment portfolio income increased by 19.1% and 27.9% respectively.
As for operating expenses, they rose from 28 million dinars to 32.4 million between June 2021 and last June, posting a growth of 15.5%. In addition, the securities portfolio grew 30 million dinars (+27.3%) to 140 million dinars.
The net outstanding loans amounted at the end of June 2022 to 940 million dinars against839.4 million at the end of June 2021, up 12% (+100.6 million dinars) resulting mainly from the increase in short-term loans to companies of 55 million dinars (+27.5%), MLT loans to individuals of 34.9 million dinars (+9.6%). On the other hand, MLT loans to businesses recorded a decline of 11.2 million dinars (-6.5%).
Customer deposits posted an increase of 111 million dinars, or +13%. Term deposits have risen by 101.2 million dinars (+27.3%) while sight deposits have suffered a decline of 23.6 million dinars (-8%).
The certificates of deposit increased from 18 million dinars at the end of June 2021 to 105 million dinars at the end of June 2022.
Deposits in the form of savings amounted to 161.4 million dinars, up 14.9% (+20.9 million dinars).
