STB Bank’s net banking income improved by 10.7% in the first quarter of the current year to 175 million dinars, compared to 158.1 million dinars in the same quarter of 2002.
This situation is the result of the combined effect of the 25.3% rise in banking operating income to 356.9 million dinars and the 43.7% rise in banking operating expenses to 181.8 million dinars.
Operating expenses increased by 7.5% to reach 74.9 million dinars at the end of March 2023. The operating ratio stood at 42.77% at the end of the first quarter of 2023 compared to 44.03% a year earlier.
In addition, customer deposits posted an increase of 3.8% between March 2022 and March 2023 to reach 9,449 million dinars, due to the following differentiated variations:
Decrease in sight deposits by 6.2% to TND 3,426 million, representing 36.2% of total deposits at the end of March 2023 against TND 3,654 million at the end of March 2022.
Increase in savings deposits by 8.8% to TND 3,952 million or a share of 41.8% against TND 3,631 million, a year earlier.
Increase in term deposits by 14.6% to TND 1,724 million, representing a share of 18.2% at the end of March 2023.
On the other hand, borrowing resources amounted to 629.7 million dinars at the end of March 2023, an increase of 7% compared to their level at the end of March 2022.
Net loans to customers (excluding the provisions for the first quarter of 2023) went up by 7.3% to reach TND 10,720 million at the end of the first quarter of 2023 against TND 9,985 million one year earlier.
The commercial securities portfolio reached an outstanding amount of TND 897.8 million, i.e. an increase of 44.6% compared to its level recorded at the end of March 2022, while the investment securities portfolio recorded an increase of 21.5% to TND 1,543 million, at the end of March 2023.