The net banking income (NBI) of “Banque de l’habitat” (BH) posted an increase of 3.71% during the first half of 2014 to 3 million Tunisian dinars (MTD), according to broker Mena Capital Partners (MCP).
This increase resulted primarily from the positive trends in banking operations in the range of 22.7 MTD.
During the first half of 2014, commercial portfolio grew 280.5% due to increased investments in fungible treasury bonds.
Similarly, customer deposits reached 419 MTD, posting an increase of 11.04%, resulting primarily from the positive development of demand deposits at a rate of 359 MTD, savings deposits by means of 40 MTD and term deposits at 7 MTD.
Bank operating expenses also rose by 26.89% to 19 MTD.
Borrowings decreased by 15.17%, mainly from the repayment of the subordinated loan in the amount of 14 MTD, of the AfDB loan in the amount of 15 MTD, of the EIB loan in the amount of 12 MTD, of bonds in the amount of 15 MTD and the decline in budgetary resources by 19 MTD.