HomeNewsTunisia: STB Bank announces a GNP of over 450 million dinars at...

Tunisia: STB Bank announces a GNP of over 450 million dinars at the end of September

The net banking income of STB Bank grew 40.5 million dinars (+9.9%) until the end of September 2021, compared to the end of September 2020 to 450.6 million dinars.

This is the result of the combined effect of the increase in Banking Operating Income by 4.8% to 798.8 million dinars and the decrease in Banking Operating Expenses by 1.1% to 348.2 million dinars.

The operating expenses increased by 27.7 million dinars (+16.1%) and stood at 199.5 million dinars. As for the coefficient of operation, it stood at 44.29% at the end of the third quarter of 2021 against 41.90% a year earlier.

Customer deposits posted an increase of 701.9 million dinars (+9%) between September 2020 and September 2021 to 8. 514 million dinars affecting mainly sight deposits (+23% and representing 40.3% of all deposits at the end of September), savings deposits (+7.8% and representing a share of 41%) and term deposits (+16.4% and represented a share of 15%).

Borrowing resources amounted to 465.4 million dinars at the end of September 2021, up 110.3 million dinars (+31%) compared to their level at the end of September 2020.

Net loans to customers (excluding the allocation to provisions relating to the third quarter of 2021) went up by 733.4 million dinars (+8.6%) to 9,310 million dinars at the end of the third quarter of 2021 against 8,577 million dinars a year earlier.

The commercial securities portfolio reached an outstanding amount of 564.6 million dinars, rising 133.4 million dinars (+31%) compared to its level recorded at the end of September 2020 while the investment securities portfolio posted an increase of 62.3 million dinars (+5%) to 1,239 million dinars at the end of September 2021.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS