Like the eleven listed banks, all indicators light in green for the “Société Tunisienne de Banque” (STB) at the end of the nine months of the year.
The public bank announced that it had realized a Net Banking Income (NBI) of 305.7 million dinars, i.e. an improvement of 42.2 million (+ 16%) compared to the same date in 2017.
This growth results from the 28.6% increase in banking revenues and the 46.9% increase in operating expenses.
At the end of the third quarter of the current year, deposits from customers rose by 685.2 million dinars (+ 12.2%) to 6.3 billion dinars, while Net loans to customers rose by 922.9 million dinars (+ 15.8%) to 6.75 billion dinars.
Borrowing resources amounted to 259.4 million dinars at the end of September 2018, down 27.6 million from their level at the end of September 2017.
This decrease mainly corresponds to the settlement of bond maturities and subscription to credit lines.
The commercial securities portfolio reached an outstanding amount of 417.7 million dinars, down 12.3% from its level at the end of September 2017, while the investment securities portfolio recorded a rise of 176.1 million dinars (+ 17.8%) to 1.16 billion dinars at the end of September 2018.
In addition, the cost / income ratio increased by 5 percentage points to reach 50.9% at the end of the third quarter of 2018 (45.8% in September 2017).