The activity and performance indicators of the “Société Tunisienne de Banque” (STB) show a net banking income down by 2.7%, at the end of June 2020 compared to the end of June 2019 to 272.9 million dinars.
This situation results from the effect of the increase in Banking Operating Income (+13.2 million dinars or 2.67%) to reach 509.7 million dinars, and the increase in Banking Operating Expenses (+20.8 million dinars or 9.65%) which amounted to 236.8 million dinars, compared to 216 million at the end of the first half of 2019.
Operating expenses increased by 9.2% to 119.9 million dinars. The operating ratio stood at 43.9% at the end of the first half of 2020 compared to 39.1% a year earlier.
Moreover, customer deposits posted an increase of 1.13 billion dinars or 17% between June 2019 and June 2020, including 2.83 billion dinars of sight deposits (+9.8%) representing 36.5% of all deposits at the end of June 2020.
Net credits to customers (excluding the allocation to provisions relating to the second quarter of 2020) went up by 1.26 billion dinars (+17.35%) to 8.52 billion dinars at the end of the first half of 2020, compared to 7.26 billion a year earlier.
The bank would like to point out that these indicators include products that may be revised downwards following the possible publication of a text related to the treatment of maturity deferrals on loans to individuals.