Amen Bank Delivers Strong Q3 2026 Performance with 15.6% Growth in Net Banking Income
Amen Bank has recorded one of the best performances in the Tunisian banking sector as of September 2026, driven by a 15.6% increase in Net Banking Income (NBI) and a significant improvement in operational efficiency, with its cost-to-income ratio dropping to 38.65%. The bank continues to advance its diversification strategy, focusing on green finance, academic partnerships, and expanding its reach among the diaspora.
Financial Highlights
As of September 2026, Amen Bank’s Net Banking Income reached 512.448 MTND. This strong result was fueled by a favorable "scissors effect" (effet ciseau):
- Banking Operating Income grew by 5.9% year-over-year to 982.240 MTND.
- Banking Operating Expenses decreased by 3.1% over the same period to 469.792 MTND.
This dynamic has significantly enhanced the bank’s operational efficiency. The cost-to-income ratio improved by 338 basis points, positioning Amen Bank among the most efficient institutions in the Tunisian market, well ahead of industry averages.
Balance Sheet Strength
- Net Customer Loans (net of provisions and accrued interest) totaled 7,545.244 MTND as of September 2026.
- Customer Deposits and Balances stood at 9,312.610 MTND, representing an 8.1% year-over-year increase.
Strategic Initiatives and Diversification
Beyond its financial metrics, Amen Bank has launched several key strategic initiatives to broaden its market presence and impact:
1. Green and Sustainable Finance
The bank established a 20 MTND credit line funded by the Pollution Abatement Fund (Fonds de dépollution). This initiative stems from a tripartite agreement signed on December 22, 2025, with the Ministry of Finance and the Ministry of Environment. The line offers concessional terms to support projects in the green, blue, and circular economy sectors, including new ventures and expansions.
2. Academic Partnerships
Amen Bank signed agreements with the University of La Manouba and the ESC Tunis to strengthen bridges between academia and the banking sector. These partnerships aim to:
- Enhance student employability.
- Foster innovation.
- Promote applied research.
3. Targeted Customer Acquisition
- Healthcare Professionals: A partnership was concluded with the National Council of the Tunisian Medical Order to offer doctors tailored banking solutions for both personal and professional needs, targeting a low-risk, high-value customer segment.
- Diaspora Engagement: A major campaign was launched during the summer to attract Tunisians residing abroad, reinforcing the bank’s commitment to serving its diaspora community.
Market Outlook
Amen Bank presents an attractive profile, combining robust financial performance with a clear strategic direction. The bank’s strong stock market performance is fully justified by its operational excellence and diversified growth initiatives.
