BIAT, on Thursday January 23, published its activity indicators as at 31 December 2019.
The bank’s achievements underline the continuity of the development of its activity.
Indeed, the Net Banking Income (NBI) reached 956.5 million dinars, the highest in the sector.
This performance is the result of the high growth of banking operating income rising from 1.27 billion dinars in 2018 to 1.5 billion dinars, i.e. a 19% increase.
These products are composed of 1 billion dinars of interests, 200.75 million dinars of commissions and 220.4 million of income from the commercial and investment securities portfolio.
Thus, the interest margin amounts to 538.3 million dinars while the margin on commissions amounts to 197.8 million dinars.
Banking operating expenses grew 27.7% to 558.4 million dinars, against 437 million in 2018, while operating expenses amounted to 400 million dinars, up by 4.1%.
In addition, the outstanding deposits reached a record level at 13 billion dinars in 2019, against 11.5 billion one year earlier, including 6.2 billion of the sight deposits.
However, the outstanding net loans amounted to 10.4 billion dinars, i.e. a slight decline of 2.7% compared to the previous year.
The bank’s equity capital stood at 1.14 billion dinars at the end of last December, not taking into account the result of the financial year 2019.