Tunisia: STB Bank announces net profit of 60 MD in H1

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    The Société Tunisienne de Banque (STB) announced very good numbers in the first half.

    Net Profit for the period rose by 21.2% to 60.4 million dinars, from 49.8 million a year earlier.

    This growth is marked by the sharp rise in Net Banking Income (NBI), which rose 34.2% to 280.5 million dinars, against 209 million in the first half of 2018.

    Banking operating income for the period amounted to 496.5 million dinars at the end of last June, against 380.6 a year earlier, up 30.4%, due to the increase in interest and similar income by 42% to 376.2 million dinars.

    As for operating expenses, they rose from 171.6 million dinars at June 30, 2018 to 216 million at the end of last June, i.e. an increase of 25.8%.

    Therefore, operating income posted a sharp increase of + 119% to 86.5 million dinars in the first half, against 39.5 million a year earlier.

    In addition, personnel costs rose from 65.9 million dinars to 78.5 million between June 2018 and June 2019, i.e. an increase of 19%, while the corporate tax expense reached nearly 28 million dinars, against 12.3 million at the end of June last year.


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