Citibank Tunis (onshore branch) closed the 2025 financial year with a net profit of 19.4 million dinars, marking a sharp 28% decline from the 27 million dinars recorded in 2024, according to financial statements released this week.
The sharp drop in earnings is primarily attributed to a dramatic 88% surge in staff costs, which ballooned from 7.6 million dinars in 2024 to 14.3 million dinars in 2025.
The bank explained that this increase includes the booking of “other personnel-related charges” amounting to 5.3 million dinars.
General operating expenses also climbed 35% year-on-year, reaching 11.1 million dinars, up from 8.2 million dinars in 2024.
Consequently, this strong cost growth led to a 22% fall in the bank’s operating income, which settled at 39.5 million dinars compared to 50.8 million dinars the previous year.
On an operational level, the bank demonstrated resilience. Net banking income (NBI) edged up slightly to 65 million dinars, against 63.5 million dinars in 2024.
This performance was mainly driven by gains on the commercial securities portfolio and similar operations, which jumped to 53.8 million dinars from 44.3 million in 2024, as well as a 21% increase in fees received, notably supported by foreign exchange and foreign trade operations.
It is worth noting that the bank holds a commercial securities portfolio consisting primarily of treasury bills, valued at 485.2 million dinars.
Elsewhere, gross loans to customers remained relatively stable at 42.9 million dinars. Customer deposit balances stood at 775.7 million dinars, representing the bank’s main source of funding.
