Tunisia: ATB announces net profit of more than 53 million dinars

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    The Arab Tunisian Bank (ATB), on Thursday, published its financial statements as at December 31, 2017 as they will be submitted to the approval of the Ordinary General Meeting to be held on April 19, 2018.

    These statements show a net profit of 53.2 million dinars against 46.2 million in 2016, thus recording a growth of about 15.2%.

    ATB saw its total banking income increase by 16.2% to 444.1 million dinars in 2017 against 382.2 million a year earlier.

    This growth is mainly due to the 16% rise in interest (+38.7 million dinars) to 278.8 million dinars and gains on commercial securities portfolio by 24% to 84.5 million dinars.

    Operating expenses rose by 19.3% to 202.6 million dinars, of which 192.2 million were related to interest income and related expenses.

    Thus, the Bank’s Net Banking Income (NBI) rose by 13.7% to 241.5 million dinars against 212.3 million a year earlier.

    As for operating income, it posted a strong increase of 29.3% to 66.1 million dinars at the end of the year compared to 51.1 million at the end of December 2016.

    In addition, personnel costs totaled 81.5 million dinars last year, i.e. up 9.9%.

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