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HomeNewsTunisia: net banking income of BTE increases 1.9% (Q2)

Tunisia: net banking income of BTE increases 1.9% (Q2)

The net banking income of the Bank of Tunisia and the UAE (BTE) posted an increase of 1.9% during the second quarter (Q2) 2014, compared to the same period in 2013, to 252 million Tunisian dinars (MTD), according to broker Mena Capital Partners (MCP).

Banking operations also rose 2.6% during the second quarter of the year compared to Q2 2013, primarily resulting from higher commissions.

Meanwhile, banking expenses grew 3.5% during the same period in 2014.

Securities portfolio registered a rise of 2.6% (14.421 MTD) resulting from investments in securities.

Customer deposits recorded an increase of 2.8% in Q2 2014,compared to the same period in 2013, reaching 80.721 MD resulting primarily from the remarkable increase in deposits by 46.7% (or 68.684 MTD) and savings accounts which grew 220.3% (or 6.08 MTD).

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