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Tunisia: BTS shows resilience in face of COVID-19 crisis

The Tunisian Solidarity Bank (BTS) recorded a positive net result of about 4.5 million dinars in 2020, showing some resilience in the face of the Covid-19 health crisis.

The bank’s total balance sheet posted an increase of 4.8% from 1513.6 MD in 2019 to 1586.3 MD in 2020, according to a statement issued by the BTS Thursday.

Similarly, the outstanding loans to customers have appreciated by an increase of 8.7% to 1294.9 MTD in 2020 against 1191.2 MTD in 2019.

In addition, the equity rose by 5.2%, from 88.2 MTD in 2019 to 92.8 MTD in 2020, according to the bank which presented its financial statements during its Ordinary General Meeting of the year 2020 held on April 23, 2021 at the House of Business.

All the prudential and regulatory ratios of the Bank are in accordance with the standards in force, mainly its solvency and TIER 1 ratios established at 36.9% and 36% compared to the regulatory thresholds of 10% and 7% respectively.

The liquidity ratio is well above regulatory requirements. At the end of December 2020, it stood at 367.2% against 229.5% in 2019 for a minimum regulatory ratio set at 100%.

As for the Net Banking Income, it fell by 10.5% to 46.7 million dinars in 2020 against 51.9 MDT in 2019.

Regarding the financing of projects, the BTS has financed 11 thousand credits in 2020 with an investment cost of 180.5 MDT, of which 40% were intended for graduates of higher education. These credits will create about 20 thousand jobs, adds the same source.

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