All of the 20 out of 23 resident banks that have so far published their 2018 financial statements, accumulated last year a Net Banking Income (NBI) of 4.82 billion dinars, up 750 million, i.e. + 18.4% compared to 2017.
Nearly 63.3% of this increase comes from the increase in the Net Interest Margin (NIM) while 15.2% comes from the margin on commissions and 21.4% comes from the income from market’s activity.
By component, the NIM increased by 475 million dinars (+ 23.5%), the margin on commissions from 114.3 million dinars (+ 12.2%) to 1.04 billion dinars and portfolio income by 160 million dinars (+ 14.3%) to 1.28 billion dinars.
The NIM’s weight in total net banking income rose 213 basis points, from 49.6% in 2017 to 51.8% in 2018.
The margin on commission fell by 119 basis points to 21.7% and portfolio revenues are down 94 basis points 26.5%.
The largest increase in value of NBI was recorded by BIAT (+113.2 million dinars) followed by BNA (+109 million dinars) and STB (+90.6 million dinars).
Of the 23 resident banks, three banks have not yet published their financial statements for the 2018 financial year. These include the QNB, the BFPME (2017 and 2018) and the BFT (since 2000).