STB Bank’s net banking income improved by 6.6% to 347.3 million dinars in the first half of the current year compared to the end of June 2002.
This was due to the combined effect of a 22.5% increase in banking operating income to 721.4 million dinars and a 42.1% increase in banking operating expenses to 374.1 million dinars. Operating expenses increased by 8% to 165.7 million dinars, while the cost/income ratio was 47.72% compared to 47.07% in the previous year.
In addition, STB Bank’s outstanding customer deposits increased by 4.3% to 9,657 million dinars between June 2022 and June 2023, as a result of the following differentiated changes:
Demand deposits: Decreased by 0.5% to 3,648 million dinars, representing 37.8% of total deposits at the end of June.
Savings deposits: Up 9.6% to 4,031 million dinars, representing a share of 41.7%.
Time deposits: Up 5% to 1,646 million dinars, representing a share of 17%.
Net loans to customers (excluding provisions for the second quarter of 2023) went up by 3% to 10,680 million dinars from 10,373 million dinars a year earlier.
The commercial securities portfolio amounted to 907 million dinars, an increase of 53.2% compared to the level at the end of June 2022. The portfolio of investment securities increased by 23.2% to 1,606 million dinars.
