Attijari Bank Achieves Strong Performance in 2024
Q4 2024 Results: 12.7% Increase in Net Banking Income
During the last quarter of 2024, Attijari Bank reported a net banking income (NBI) of 182,117 MTND, representing a 12.7% year-over-year increase. Interest and similar income grew by 4.4% to 199,790 MTND, while interest expenses rose by 2.2% to 107,551 MTND over the same period. Commissions decreased by 4.4% to 35,940 MTND. Meanwhile, investment and commercial portfolio income reached 58,006 MTND, up 37.3% year-over-year. The bank's securities portfolio significantly evolved, exceeding 1,958 MTND by the end of 2024.
Full-Year 2024 Results: 9.8% Increase in Net Banking Income
For the full year 2024, Attijari Bank's NBI totaled 708,479 MTND, representing a 9.8% year-over-year increase. The net interest margin grew by 9.4% to 371,772 MTND. Net commissions stood at 50,220 MTND, up 1.0%, while the trading room generated 206,121 MTND, accounting for 29.1% of the bank's NBI for the period.
Operating Expenses and Commercial Performance
Attijari Bank's annual operating expenses increased by 9.4% to 339,673 MTND, driven by a 13.4% rise in personnel expenses to 241,005 MTND, while general operating expenses remained stable at 79,758 MTND.
On the commercial front, the bank's customer deposits reached 10,635 MTND, up 589,447 MTND from December 2023, including 409,519 MTND in sight deposits. Meanwhile, customer loans grew by 300,649 MTND over the same period to 7,313 MTND.
Human Resources and Corporate Social Responsibility
These performances were achieved thanks to motivated and trained human resources. Attijari Bank reinforced its internal training corps and developed all expertise in collaboration with the National Center for Trainer Training.
As a responsible bank, Attijari Bank partnered with startup Kumulus – by EeKan to acquire a machine that transforms ambient air into potable water, aiming to reduce direct carbon emissions at its headquarters. Furthermore, with Handisuccess International, the bank reiterated its commitment to professional inclusion of people with disabilities, offering them adapted positions and daily support in their roles.
Under the aegis of the Ministry of Employment and Vocational Training, and in partnership with the RNE, Aneti, and the Financial Inclusion Observatory, Attijari Bank organized a webinar to explore the status of self-entrepreneurs, which represents a powerful lever for financial inclusion in Tunisia.
Overall, the bank's performances are good, and Attijari Bank is heading towards comfortable profitability and a generous dividend for shareholders.
