Banque de Tunisie Releases First-Half 2025 Financial Statements
The Banque de Tunisie (BT) has published its financial statements for the first half of 2025. The net banking product stands at 261,150 MTND, recording a slight increase of 0.8% year-over-year.
Key Financial Highlights
- Net banking product: 261,150 MTND, up 0.8% year-over-year
- Interest margin: 140,695 MTND, down 11.3% due to higher resource costs
- Net commissions: 41,077 MTND, up 6.0%
- Portfolio income: 79,378 MTND, up 15.5%
Operating Expenses and Provisions
The cost of risk is established at 37,649 MTND, an increase compared to the same period last year. Operating expenses have also risen, particularly in terms of personnel costs (58,847 MTND) and general operating expenses (25,702 MTND). Additionally, the bank has set aside a provision of 12,894 MTND to cover the cost of an in-depth tax audit for the 2020-2023 fiscal years.
Results and Activity
The operating result stands at 134,954 MTND, down 4.3% compared to June 2024. However, the net result has increased by 4.7% to reach 85,016 MTND, supported by a reduced corporate tax charge.
Business Activity
The BT confirms its ability to mobilize savings, with deposits reaching 6,788,271 MTND. The net outstanding amount of customer loans stands at 6,009,216 MTND.
Stock Market Performance
The BT stock has shown an annual return of 7.9%, reflecting investor confidence in the bank's ability to maintain stable results despite an uncertain macroeconomic context. The concerns that persisted regarding the impact of measures applied to long-term fixed-rate loans should now be alleviated. The effect of these measures appears limited, which could pave the way for an appreciation of the stock in future sessions.
